ETH four-hour chart has started to fall from the high point of 2566. The current price has pulled back to around the Bollinger middle band at 2482. This round of retracement overall shows reduced volume; it is a normal profit-taking pullback after a big rally. The KDJ has already fallen to a low zone. Near-term downward momentum is gradually exhausting, and there is an expectation of a rebound. 2482, the Bollinger middle band, is an important lifeline for the long side in this cycle—so long as this support holds, the overall upward big-picture structure hasn’t been broken.
Ethereum: Go long at 2486, target 2526. Stop-loss: 30 points. #btc #ETH