The Ethereum market is like a roller coaster; it just shot up to $1815 yesterday before plummeting down, hitting a low around $1730. However, looking at the momentum of ETH, it seems unable to fall much further, and a rebound is on the way. Thus, yesterday I decisively led my friends back into ETH, successfully acquiring 1,000.
From the four-hour chart, although the price has dipped down, it hasn't truly bottomed out; it looks more like it's crouching down to gather strength for a jump. Recently, the short cycles have been gradually strengthening, and the price is slowly moving up; it has now reached the middle track and is preparing to rise.
The bears have used up most of their strength, trading volume has significantly shrunk, and the bulls (those betting on price increases) are starting to step in. In the short term, there may still be some fluctuations up and down, but the upward space is not yet exhausted.
Recently, the overall market has been consolidating, and we can pay attention to some strong altcoins to enter. Upcoming layout 👇 One Dan