$ETH Crypto Circle Academician: How to operate when Ethereum rebounds after a 6.8% shakeout? Daily chart + 4-hour chart to help you find the right entry point! Latest market analysis and trading suggestions

Ethereum current price is 1630, with an intraday increase of 3.90% on the daily chart, but the overall trend remains in a downward channel. The price broke below all short-term moving averages such as EMA15 and EMA30, and the moving averages are clearly arranged downward. The strong resistance zone is between 1776-1800. In the MACD indicator, DIF is still below DEA, although the green bars have shortened, the overall downward momentum has not fully dissipated; the Bollinger Bands are opening downward, and the price is running along the lower band. The support at around 1593 is a short-term key; once broken, it is highly likely to retest the strong support at 1383.

The 4-hour K-line started rebounding from the low of 1503, with the current price around 1629. The short-term EMA15 moving average is close to the price, forming an initial support. The MACD indicator has shown a bullish crossover, with the red bars continuing to enlarge, indicating that the short-term upward force is recovering; the middle band of the Bollinger Bands at around 1630 is a short-term dividing line between bulls and bears. Currently, the price is hovering around the middle band. The resistance levels at the 0.236 Fibonacci retracement near 1730, and the 0.382 level at 1870, are strong resistance points on the rebound path. If unable to break through, it is highly likely to retest the lows around 1500.

Short-term reference:

Above 1620 to 1660, downward, stop loss at 1690, target at 1570 to 1500

Below 1510 to 1470, upward, stop loss at 1430, target at 1570 to 1620

Sincerely advise: stop treating Ethereum as gambling. Many come in thinking they will get rich overnight, going all-in with high leverage, but a single retracement can wipe out everything. Look at this market: rebounding from 1500 to 1600 looks strong, but it’s still a recovery within a downtrend, and it could turn downward at any time. In trading, it’s not about who makes money fastest, but who survives the longest. Don’t fight the trend, don’t be driven by emotions. Making small profits within your understanding is more solid than anything else. ‌#预测NBA总冠军赢20,000U