On the last trading day, Ethereum continued its oscillating upward trend during the day session. It plunged near the high point of 3620 at midday, rebounded from the support level around 3475 in the early morning, and is currently oscillating around 3510.

Yesterday, Changlu mentioned in the article that the rebound in the market could face resistance near 3565, and if it does not break through, one can enter a short position. He also provided a real-time strategy to add short positions near 3600. Friends who followed the operation can take advantage of the short positions for profit.

Ethereum Market Analysis: Yesterday, the market rebound was suppressed near 3620 and pulled back, forming a long upper shadow candlestick. It has been oscillating and washing out near the daily middle rail support. From a technical indicator perspective, the MACD volume is weak, and the RSI and KDJ are also running close together. It can be seen that the market will continue to oscillate and wash out around the daily middle rail. In about 4 days, it will be the halving day of Bitcoin. These recent days are the best time to confuse retail investors. Everyone must set stop-loss orders and guard against unnecessary losses caused by market changes.

In the 4-hour chart, the market's rebound yesterday was suppressed near 3612, around the 0.618 Fibonacci retracement level, and supported near 3490, around the 0.236 level. It has been oscillating within the range and has not yet formed the 5-wave model mentioned by Changlu in the article. Although the wave structure of the 4th wave pullback has not been broken, with the halving of Bitcoin approaching, the market's fluctuations have become more unpredictable, and the wave structure will no longer exist. From a technical indicator perspective, the market's attempt to break through the 4-hour middle rail was not smooth, and the red bars of the MACD showed a decreasing trend. Changlu suggested in the day session to first observe the rebound within the range. Pay attention to the resistance of the 4-hour middle rail. If it is not broken, you can enter a short position. As the Bollinger Bands on the 4-hour chart contract, the market will continue to oscillate within the range. It is advisable to make high sells and low buys within the range, but be sure to set stop-loss orders. Pay attention to the resistance at 3555 and the support at 3475.

Operation Suggestions: Real-time strategies are provided.

For more strategies, follow Changlu's Weibo @Changlu Finance

Reminder: The strategy is for reference only. Set stop-loss and take-profit orders, and set targets for partial profit-taking and trailing stop-loss to protect profits and avoid giving back too much profit.

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

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