The recent market performance of Ethereum (ETH) is as follows:
From the daily chart, the price of Ethereum has broken through the support level near $3,200, forming a long lower shadow, showing signs of increasing downward pressure. Pay special attention to whether the MACD fast and slow lines fall below the zero axis, which may indicate that the market will continue to run downward.
On the short-term four-hour chart, the Bollinger band shows that it has begun to shrink, indicating that the price has formed a short-term support around $3,200, while the upper resistance is around $3,380.
On the one-hour chart, the price shows a certain degree of rebound and has entered the rising channel of the Bollinger band. If the price can stabilize above $3,320, it may further undergo a slow shock repair. Guanzhu Public Account: Xi Ye Miao, Mian Fei Jia Qun.
In general, intraday operations are recommended to focus on the price fluctuation range between $3,420 and $3,220. For future operations, Ethereum investors are advised to take a cautious attitude. You can consider shorting based on the preset pre-buried order: open a short order between $3420 and $3430, set a stop loss at 30 points, and set a target above 50 to 80 points.
When choosing a specific layout and variety, you should consider how to maximize your profits and ensure that you can flexibly adjust your strategy according to market conditions.
