Ethereum Analysis $ETH :
Brothers, the short position on Ethereum 4.0 ultimately took profit at 50 points. Although this wave brought in some gains, I am not very happy because, overall, the current trend is downward. Although the upward movement is the main trend, pullbacks and adjustments are also a necessary existence.
Currently, Ethereum is hovering around the 3957 support level on the 1-hour chart, showing signs of breaking through. Therefore, brothers should pay attention to this position. If it breaks through, you can consider opening a short position, aiming for the 3880 support level on the 4-hour chart.
If it does not break, brothers can consider opening a long position near the support level, looking upward.
As a seasoned investor in the crypto space, I, Tu Fei, share my experiences and insights. Are you interested in the crypto world but don’t know where to start? Follow me and check my homepage to achieve freedom in this bull market.