Ethereum experienced a round of rebound in the morning trading yesterday, and fell back from the high of 2550 to 2505 in the late trading, and then rebounded to 2555, but then began to fall. In the early morning of today, it tested the support near 2500 again and rebounded. The current market is fluctuating around 2520.

In yesterday's market analysis, Lao Lin mentioned that there might be a rebound in the morning session, and pointed out that there is a suppression near 2550. In his real-time strategy, he suggested that long orders could be entered when the price falls back to around 2485-2490. Yesterday's operation suggestion was that both long and short positions had good returns.

For today's market, from a technical point of view, yesterday's rebound failed to stand at half of the big negative line, and the technical indicators are still trending downward. The overall market still has a trend of falling back. It is recommended to pay attention to the support near the 5-day moving average of 2510. If it falls below, it can be seen below 2575.

On the 4-hour chart, the market has not been able to break through the suppression of the middle track since the decline, and the Bollinger Bands have narrowed. It is expected that the market will fluctuate in the triangle area. The suppression level of 2558 at the Fibonacci retracement line of 0.382 can be paid attention to above, and the support level near the rising trend line of 2485 can be paid attention to below. The overall situation is mainly oscillation. Today's operation is recommended to rebound. If it cannot break through the upper suppression, consider continuing to short.

The specific operation suggestion is to enter the short position near the rebound of 2530-2560, stop loss at 2580, and take profit at 2485-2440. This strategy can obtain better returns in market fluctuations.

Finally, what Lao Lin wants to say is that there are still many things that have not been expressed, and not everything can be understood through just one article. You can continue to follow Lao Lin, and let us create brilliance together in the new round of bull market!

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