According to the daily candlestick chart of Ethereum, the lowest price fell back to around 1530 yesterday. After the opening of the morning session, there was no continued decline. A strong upward rebound started during the European session. The high touched around 1626 and was under pressure. The current price fluctuated around 1612. The moving averages are still arranged in a short position on the daily candlestick chart. The concentrated resistance is around 1630-1670. Although the price rebounded from the lower edge of the channel at the weekly level, the technical indicators are not enough to form a large rebound trend. This week, the price will have to stand above the 1640 line before it may have the opportunity to test the upper edge of the trend around 1780-1800. The intraday short-term support of 1570-1550 broke and continued to weaken. If it stands firmly, it has the opportunity to test the pressure of the 1630-1670 range. In short-term operations, it is still possible to carry out high-altitude and low-multiple operations. Conventional risk control is enough

Short-term recommendation: short near 1615, add position once near 1635, risk control 11645, target 1590-1570-1550, hold if break

Backtest support and stabilize, reverse long order, risk control 1550, target depends on rebound strength