8.9 Ether Market Analysis


Ether rose to 4070 in the early morning, reaching the top resistance of the weekly K3 before falling back. Currently, it is fluctuating at a high level, attempting to stabilize around the 4000 mark. The Bollinger Bands on the hourly level are about to narrow and become parallel, with the 7-week MA line suppressing the bare K. This week, pay attention to the strong pressure around the 4100 line; if it does not break, multiple short positions can be established. The MACD indicator shows a continuous increase in the red energy bars. Overall, it is advised to wait for rebound pressure before establishing short positions on Ether.
Operation suggestion: Short in batches at 4070-4100
Target: 4010-3910
Risk Control: 4120
ETH0.98%
MA-1%
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