Looking at the 4-hour K-line chart, it shows a clear downward trend overall. The price has been declining since the previous high of 4754, especially with a significant drop recently, reaching a low of 3400. Although there has been a slight rebound since then, the current price of 3825 is still at a relatively low level, indicating that the short selling power is dominant. It is advised to strictly control position size and set stop-loss orders, avoiding heavy positions.
ETH: near 3855-3820, the target looks towards 3740-3630. #ETH:
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10.11 Evening ETH Strategy Analysis
Looking at the 4-hour K-line chart, it shows a clear downward trend overall. The price has been declining since the previous high of 4754, especially with a significant drop recently, reaching a low of 3400. Although there has been a slight rebound since then, the current price of 3825 is still at a relatively low level, indicating that the short selling power is dominant. It is advised to strictly control position size and set stop-loss orders, avoiding heavy positions.
ETH: near 3855-3820, the target looks towards 3740-3630. #ETH: