Market Review
Ethereum has been fluctuating in the range of 3620-3480 recently, and the market is volatile. It is expected to enter a triangular convergence and volatile market in the future.
technical analysis
Daily chart
Trend: The market will enter a triangular range of shock and convergence.
High-level suppression: Pay attention to the 3680 line, which will move slowly downward.
Short-term suppression: focus on around 3550.
Four-hour chart
Trend: There is no obvious trading point at present.
Key Support: 3510. If it breaks, the price may fall further.
One-hour chart
Trend: The currency price is running in the boll down channel.
Downside space: focus on the 100-point range of 3540-3440.
Attached chart indicator: MACD shows that the short volume is gradually shrinking.
Recommendations
Robust Strategy
Buy high and sell low: Buy low and sell high in the range of 3540-3440, and use the volatile market to gain profits.
Aggressive Strategy
Short-term operation: If the 3510 support level is not broken, you can try short-term long orders, with the target at 3550-3600 and the stop loss set at 3490.
Summarize
Ethereum is currently in the range of 3620-3480 and is expected to enter a triangle convergence and shock market. It is recommended to sell high and buy low, and pay close attention to the break of the 3510 support level to flexibly respond to market changes and ensure the robustness and effectiveness of trading strategies.
