Daily market analysis - $ETH

The reference period is daily K. Yesterday, I said that the rebound target can be placed in the 3250 area. The current price has reached 3206.

Judging from the daily K indicator, there should be 1-2 daily K distances before entering the overbought stage. The first gray area above is the upper boundary of the box, which is about 3270. It can also be said to be 3250. The price cannot be very accurate. Obstruction and support are subjective views. It is necessary to look at the real-time performance of the entity column in the market.

Personally, my view on $ETH is the same as that of $BTC next door. Both are bearish on the rebound. However, $BTC is short after the rebound after breaking the box, while $ETH is blocked and fell after the price rebounded to the upper boundary of the box, completing the box oscillation again.