Ethereum has been volatile recently, but it is still bullish overall.

Ethereum tried to rebound in the early morning, but it did not reach 122,000, and fell again at around 120,000. It has been slightly correcting during the day, and we have to see if it can break through 122,000 at night. Although this shock has made many people worry that it will not rise anymore, the general direction has not changed, and there is a high probability that it can still reach a new high. Don't rush to be bearish now.

In the short term, there are signs of rebound at the 1-hour level: if it breaks through 122,000, it may rise directly to 126,000; if it fails to break through, it may fall to around 115,500 before going up. At the shorter 15-minute level, pay attention to the support level of 117,000. If it holds up, it may hit 122,000 again, and if it fails, it will reach around 116,000.

Ethereum's correction is almost over. The 1-hour level is obviously correcting, and the three waves of decline in 15 minutes are almost over, with support between 3550 and 3580. There are two possibilities afterwards: either the rebound does not exceed 3780, and it fluctuates slightly and then falls to 3500 to 3550, and then rushes to above 3900; or it directly breaks through 3780 and rises all the way to above 3900.

No matter which cycle you look at, the general trend is not bad: the weekly and daily lines have been going up (the daily target is 120,000 to 130,000); the 4-hour rise is better than expected; the 1-hour shock and consolidation wait for a surge; the 15-minute is just a short-term adjustment. Don't worry, wait for the shock to end, and seize the opportunity to surge $BTC $ETH $SOL #RWA热潮 #BNB创新高