Ethereum has been respected by the market during this surge 📈, especially the 4-hour oversold condition.
Every time it dips near the oversold zone, it has generally provided good rebound opportunities.
So I will keep an eye on this rhythm; the next time a 4-hour oversold condition appears, it will be a position worth noting. It's not necessarily a buy, but it will be closely watched.
The two positions indicated in the chart are crucial information points and also tolerance levels.
Thanks to making some gains 📈 this week, even if BTC starts to retrace, ETH still has quite a bit of room before breaking below the lower boundary!
After all, a strong exchange rate is the most effective signal for the entire cryptocurrency market.
This is the point of contention I mentioned in the video regarding the market leader:
Ethereum focuses on the accumulation points within the cycle, while the market leader is concerned with the distribution points. #加密市场回调