Ethereum is more interesting on the daily chart. The short positions arranged yesterday were in vain and there is not much profit space. At present, the price of Ethereum is firmly standing above ma7. It seems that the bulls are strong, but the positive line collected on the daily K-line 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 shows signs of moving down.

In the short-term four-hour chart, the price maintains the boll shock market and tends to be bullish. At present, the price is expected to rise again to the 3580 line and fall under pressure.

In the one-hour chart, the Bollinger line 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.

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