#BTC Two Pancakes: Ethereum yesterday midday surged +2305 directly, with the target around 2230, and the lowest at 2233 in the early morning. It just reached near the target area. Everyone probably caught the move yesterday. Recently, maintaining a bullish outlook has been perfectly fulfilled, and the daily chart also shows three consecutive bearish candles as expected. Every target is just right, relying on support levels below; support that cannot be broken immediately tends to rebound, so once at a critical point, it can exit. Each position has been carefully considered. So, how will it move during the day...

From a fundamental perspective, Tuesday night's CPI generally fluctuates between 1-3 days, meaning although the impact is diminishing, it still exists. Therefore, the weakness still has some continuation. Currently, it is near the lower band of the daily Bollinger Bands; the Bollinger Bands on the daily chart are expanding, but the space is limited. The middle band of the three-day Bollinger Bands is parallel to the previous low point, with support at 2218 that is not easy to break but will be tested first. The smaller timeframe Bollinger moving averages are narrowing, indicating a rebound, and with three consecutive bearish candles on the daily chart, a correction is likely. Therefore, the possibility of a sideways movement during the day is higher, at least until the evening, depending on the fundamental impact in the evening.

During the daytime, expect to trade high near 2290 on the upper side and low near 2225 on the lower side.