ETH Today's Market Analysis:

The trend chart shows that ETH is currently operating within the upward trend channel of 3230-3430. This morning, it peaked around 3390 and fell to below 3250, a drop of 140 points.

In the afternoon, continue to monitor the trend resistance level near 3430. It is recommended to short if it rebounds and does not break the 3430-3400 range; if it breaks, operate in the direction of the trend.

On the downside, pay attention to the trend support level near 3230. It is suggested to long if it retraces and does not break the 3230-3250 range.

From a technical perspective, the 12-hour long cycle TD indicator shows a green 13 above, indicating a bearish outlook for the long cycle. The Bollinger Bands are opening up, with ETH running along the upper track, and currently, ETH is operating below the upper track.

In addition, the 4-hour chart has formed a bearish candle with a lower shadow, following four consecutive bullish candles, indicating a bearish trend. The Bollinger Bands are also opening upwards, and if the opening starts to turn downwards, ETH is expected to have a significant retracement space. In summary, after a significant rise, the operation should still focus on shorting at high rebounds.

ETH Afternoon Trading Strategy:

1. Short in the 3430-3400 range, target 3330-3280, stop loss 3480

2. Long in the 3230-3250 range, target 3330-3380, stop loss 3180 #牛回速归，晒晒你的持仓？ #DOGE看涨情绪飙升 #比特币搜索热度攀升 #Mt.Gox地址动向

Crypto Circle Insights, click on the homepage to follow me, bull market potential hundredfold coin deployment, and daily spot strategy sharing.