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8.15 Ether Market Analysis
In the morning, Ether fell to 4450 and rebounded. It is now close to the Fibonacci resistance, and the one-hour MA has broken the middle track. There are ample opportunities for Ether to gain momentum. The Bollinger Bands show a trend of convergence between the upper and lower bands, indicating that this rise is nearing its end, and Ether has no volume to hit new highs this week. The MACD has formed a golden cross and is rising, with Ether having a little room for upward fluctuation. Technically, the KDJ fast line has reached the top, and the main force has arrived at the overbought zone with little volume. Overall, the bearish trend of Ether is clear, and it is recommended to follow the trend.
Operation suggestion: short in batches at 4640-4670
Target: 4560-4460
Risk Control:4690