On the previous trading day, Ethereum directly fell from near the middle rail of 3505 to the lower rail support of 3210 to stop the decline. It has just tested the support of the daily lower rail again to confirm the strength of the rebound. The current market is oscillating around 3280.

Yesterday, Changlu mentioned in the article and real-time strategy that it was necessary to buy back near 3500. In the article, it was pointed out that if the daily support below 3496 is broken, it will test 3400, and even the support of the daily lower rail, perfectly grasping the market trend.

Ethereum market analysis: A wave of retracement in the market tested the support rebound of the daily lower rail and the weekly 10-day moving average. From the perspective of the weekly chart, the overall technical indicators still show a bearish trend and have not shown a rebound trend. From the daily chart perspective, there will be a rebound supported by the lower rail, and attention can be focused on the suppression around 3300. From the technical indicators, there is a trend of turning around. If it is broken, there is an opportunity for further rebound. Attention can then be focused on the suppression around 3375-90.

In the 4-hour chart, as mentioned in the article yesterday, the market rebound did not surpass the previous high. If the rebound during the day cannot break through the suppression at the neckline position, it will form a head and shoulders pattern. As expected, the market has shown this pattern. In the morning, it rebounded near the support of 3200 twice, and the technical indicators also show a trend of turning upward. If it can show a double bottom pattern, there will be an opportunity for further rebound. Attention can first be focused on the suppression of the middle rail in the 1-hour chart. If it is broken, attention can be focused on the suppression near the upper rail of the 1-hour chart at 3365. Today, Changlu recommends observing the market rebound first, and considering short positions only if the upper suppression is not broken. The halving cycle of Bitcoin is getting closer, and the market will become more unpredictable. This retracement may be the main force clearing long positions in preparation for a subsequent surge. In general, the market trend can be observed by focusing on the turning point of the weekly chart. If there is a rebound trend on the weekly chart, there will be a big move.

Operational suggestions: Real-time strategies are provided.

For more strategies, please follow Changlu's Weibo @长路财经.

Reminder: Strategies are for reference only. Set stop-loss and take-profit levels, and consider taking profits in batches and using trailing stop-loss to protect profits while avoiding excessive profit loss.

The cryptocurrency market is always in full swing. Everyone's common wish is to seize the opportunity to get a share. Please believe that "the only thing between you and financial freedom is a long road." With the guidance of Changlu, you will definitely achieve your cryptocurrency wealth dream faster and more steadily.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。