12.6 Cryptocurrency Mr. Coin: Ethereum (ETH) Market Analysis Reference

Ethereum was once again under pressure around the 3960 position as expected, subsequently dropping below the Bollinger middle line and showing a slight decline. Currently, it has touched around 3615 and rebounded. The market continues to enter an upward phase, with resistance at the 3900 line. If it stabilizes again, there is still a tendency for oscillation upwards. The daily level upward trend continues, and I hope all coin friends' operational advice is still to focus on buying on dips.

Looking at the short-term hourly chart, the Bollinger Bands are in an opening posture, and the market is fluctuating back and forth above the middle track. Currently, the pullback at the Bollinger middle axis has encountered resistance. If it refreshes the high again, there is a possibility for the price to continue moving towards the 40000 position. I hope all coin friends are prepared in advance. The steady approach today is still to focus on buying on dips; if it breaks, you can follow in lightly, with low-end long positions focusing on the 3750-3800 area.

12.6 Ethereum Short-term Reference:

Short positions: Short at 3960-3980, with a stop loss at 4150, and a target below 3880,

Long positions focus on the 3750-3800 range, with a stop loss of 50 points, and a target above 3880,

Note that there may be delays in sending messages; the strategy suggestions are for reference only. The market changes rapidly, and regardless of how high the confidence in market judgment is, be sure to have profit-taking and stop-loss measures in place to secure gains.