Ethereum Trend Analysis
The Ethereum trend analysis provided a few days ago is still effective; following along means profit!
From the current 4-hour level, the Bollinger Bands show a flat state, with prices continuously oscillating around the middle track, and the short-term direction is currently unclear.
Ethereum has repeatedly failed to break through the resistance at 1960 during multiple attempts, with yesterday's overall trend showing a downward oscillation. This morning, the opening continued with a downward trend, dipping to the support level around 1850 before rebounding. Currently, the price is fluctuating around 1900!
Now we should see if it can break through 1930; if it successfully breaks through, the bullish trend will continue. If it fails to break through, I suggest maintaining a focus on short positions!
The thought process is shared with everyone, and for those who follow along, don’t get lost!
Thank you all for your support!