Although ETH is currently still operating within a four-hour upward channel, trading should focus on buying high and supplementing with low positions. Draw a Fibonacci indicator from 1936 to 2416, with the 61.8% and 38.2% Fibonacci retracement levels at 2235 and 2121 respectively. The daily KDJ indicator is also in the high zone. Aggressive bears can consider short positions around 2350-2370, while conservative traders can enter around 2390-2400, with targets at 2210-2230. If 2200 cannot hold, the target should shift to 2150-2180. Aggressive bulls can consider long positions around 2220-2230, while conservative traders can enter around 2130-2150, with targets at 2380-2400. If the price stabilizes above 2400, the target can be moved up to 2450. BTC and ETH show similar trends; the direction can be referenced from ETH.

ETH0.16%
BTC-0.07%
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