Looking back at Ethereum, it rebounded to the 2538 line after retreating from the high point of 2769 to the 2455 line in the early morning. It is currently hovering around 2550, and we successfully predicted this wave of market movement, which provided nearly 70 points of space.
From the hourly level, the Bollinger Bands are forming a downward closing trend, indicating that Ethereum's momentum is weakening and is about to enter a range-bound state, entering a period of consolidation and power accumulation, proving that a big market trend is about to emerge. From the four-hour level, the price is distributed in the lower part of the Bollinger Bands but has already broken through the lower band, which has formed a strong resistance point. The bearish trend is gradually being weakened, and the bullish trend will gradually return strongly. In the evening, we will use a high sell-low buy strategy to layout for the short term, waiting for the big market trend to be born before proceeding with the next layout.
Ethereum 2530-2510 range bullish Short-term target 2650
