$ETH The first line is under pressure and has retreated, the price comparison has fallen below the 105000 mark, continuing to oscillate and consolidate around the bottom. Ethereum, in the afternoon, did not experience much fluctuation, oscillating and consolidating around the low range of 2500-2530, and is currently showing a certain momentum of proper consolidation. Recent focus still needs to be on whether the situation in the Middle East further deteriorates and affects the current landscape.
Currently, the market is showing low-level consolidation, with the afternoon rebound reaching the 105500 line touching the Fibonacci 61.8% level for a retracement. Presently, the trend is unclear for both bulls and bears, and the overall low-level consolidation will continue to build momentum. The structure of the four-hour K-line has already recovered and returned within the Bollinger Bands, and the MACD indicator's fast and slow lines are maintained.