Market Review
Yesterday, the short order at 3520 successfully earned a profit of 100 points. Congratulations to all the friends who followed the orders in the actual combat group!
technical analysis
Daily chart
Shooting Star: A shooting star was also formed in the early trading, indicating that the upward movement was blocked.
Upward resistance: 3540.
Support below: focus on around 3410.
Four-hour chart
Price trend: The price starts to fall slowly, and the long position volume is obviously insufficient.
Key suppression: pay attention to the suppression strength of the 3530 line.
Retracement support: focus on the support situation of 3410.
One-hour chart
Bollinger Bands: The price remains in a descending channel.
MACD indicator: short selling volume continues to increase.
Key focus: Whether the decline can be stopped is the key to subsequent attention.
Recommendations
Robust Strategy
Short on rebound: Place short orders in the 3540-3530 range, target 3410, and set stop loss at 3560.
Aggressive Strategy
Short orders at high levels: If the price rebounds to 3540 and does not break through, consider shorting at high levels, with the target at 3410 and the stop loss set at 3550.
Summarize
Although Ethereum has rebound momentum in the short term, it is still in a downward channel overall. Investors are advised to arrange short orders at key suppression levels to ensure the robustness and effectiveness of trading strategies. Conservative investors can arrange short orders in the high suppression range, while aggressive investors can pay attention to short-term rebound opportunities and flexibly adjust their operating strategies.