$ETH 4H Analysis: From the opening at 8 AM, it has dropped from 4480 to 4177 and has started to stabilize. Currently, it is consolidating around 4230. Let's discuss the next outlook for the market: If the previous assumptions hold, we are in the C wave of a daily A-B-C adjustment. The 4-hour double zigzag pattern WXY’s Y wave should also follow an A-B-C model, confirming that 4575-4277 is the sub-wave A of the Y wave. The rebound target for the B wave, based on Fibonacci percentages, is calculated to be 4390 (0.382), 4426 (0.5), and 4461 (0.618). According to the candlestick chart technical principle of polarity conversion, the previous support at the 4370 level will soon become a resistance level for the rebound. In summary, for the B wave rebound, we should first focus on the resistance at 4370-4390. We will continue to observe the market's development.
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