On the last trading day, Ethereum's overall market was volatile during the day. It rebounded near 1648 in the late trading and then fell under pressure, breaking through the key support of 1630. It fell back to around 1605 before it stopped falling and rebounded. The current situation is volatile around 1617.
In the current market situation, after a small rebound yesterday, it continued to fall as expected. Ethereum came to around 1605, but did not continue, but showed a slow correction and rebound trend. Currently, Ethereum is around 1620, and the four-hour Bollinger Band is about to close. The current currency price is running in the middle and lower track.
Looking at the hourly chart, after a big positive column broke through the upper track, the price of the currency also experienced three consecutive declines, falling directly from the upper track to the lower track, which is enough to show that the competition between long and short positions is fierce. In the short term, the overall situation is still in a range of fluctuations. At present, the green energy column of the short position has also shrunk, and the three lines of the KDJ indicator have a trend of turning upward. The current currency price is running at a low level, so our thinking remains unchanged, and we can still keep the low long position.
Ethereum operation suggestion: long around 1605-1615, target 1640.
