Yesterday, the Ethereum (ETH) trend was as expected, reaching a low near 4260 before gaining support.
The market is expected to mainly fluctuate within a range today.
Support level below: around 4250
Resistance level above: around 4460
If the price continues to operate above 4250, it belongs to a strong oscillating pattern, and in the short term, one can sell high and buy low within the range.
If it falls below 4250, then pay attention to the 4200 support, and be cautious of further declines.
Operation idea: Participate with light positions in the oscillation range, set strict stop losses, and patiently wait for a directional breakout.
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Yesterday, the Ethereum (ETH) trend was as expected, reaching a low near 4260 before gaining support.
The market is expected to mainly fluctuate within a range today.
Support level below: around 4250
Resistance level above: around 4460
If the price continues to operate above 4250, it belongs to a strong oscillating pattern, and in the short term, one can sell high and buy low within the range.
If it falls below 4250, then pay attention to the 4200 support, and be cautious of further declines.
Operation idea: Participate with light positions in the oscillation range, set strict stop losses, and patiently wait for a directional breakout.