#ETH

Ethereum's daily chart is quite interesting. The short positions arranged yesterday were in vain, and there was not much profit space. At present, the price of Ethereum stood firmly above ma7. It seems that the bulls are strong, but the positive line collected on the daily K did not form a bullish engulfment, and the suppression of the 3600 line is still effective. The long and short watershed wind at the high of 3700 showed signs of moving down.

In the short-term four-hour chart, the price maintained a boll oscillation market biased towards the bulls. At present, the price rushed up to the 3580 line again as expected and was under pressure to go down.

In the one-hour chart, the Bollinger began to close, and the overall range narrowed to 3580-3500. The overall K-line formed a deformed top divergence. The overall one-hour chart continued to fall sideways for too long. It is recommended that Ethereum wait and see in the future. Based on the above suggestions, Ethereum will rebound steadily and short in the future.

Those who still hold yesterday's short positions can continue to hold them!