!!!Attention!!!
ETH Analysis
The price of Bitcoin fell below 60,000 last night, and then quickly rebounded to around 62,000. The market entered a narrow range of fluctuations, with a narrow range of 62,000-60,680, and the fluctuation range continued to narrow. Correspondingly, ETH also fell below 3,000 last night, and then reached a low of 2,912, and then quickly rebounded to the upper high of 3,040, and then followed Bitcoin into a narrow range of fluctuations, with a fluctuation range of 2,950-3,050!
The current ETH trend encountered a decline in the hourly midline, and the hourly Bollinger band closed. The upper line was at 3098, the midline corresponded to 3017, and the lower line level corresponded to 2935. ETH rebounded after bottoming out and fluctuated sideways!
From the hourly chart, ETH's morning and afternoon market is mainly range-bound, with a range of 2978-3015. The overall trend is a small rebound after a decline (i.e., more bullish). However, there is a divergence in the hourly candlestick chart. Therefore, ETH will still be mainly range-bound, and there is no clear direction at present! The large fluctuation range is 2950-3050! In terms of operation, high-altitude and low-long!
