#数字货币市场回调 How to view it tonight?

The Ethereum hourly chart has been consolidating within the range of that large bearish candle, forming a bullish engulfing pattern. The top of the bearish candle is the most critical resistance at the moment; if it breaks through, it can move upward; if it doesn't, it will continue to oscillate within this range.

The white-framed area is a typical wire mesh structure, indicating that ETH is currently at a crossroads in direction selection. Both bulls and bears have opportunities, but neither has gained an absolute advantage.

In times like this, never go all in heavily. Testing with a light position is the right approach. If the direction is correct, you can add more after breaking through the resistance level; if you misjudge, just cut your losses in time, and the losses will be manageable.

As long as the flag structure is not broken during the pullback process, there will be no significant decline. Personally, I still lean towards a bullish outlook.

Specifically in operation:
A breakout above 2812 with volume can be used to go long, while a drop below 2785 with volume can be used to go short. Note, it is essential to monitor the volume for confirmation, and stop-loss must be strictly enforced.

After the hourly line stabilizes above 2812, the target above looks at the range of 2873-2910. Whether it can break 2812 is the key to judging whether the rise can continue.

If the 4-hour chart breaks below 2778, the support below is at 2718-2668. If the previous low of 2718 cannot hold, then ETH will enter a 4-hour level adjustment rhythm.

There are currently no clear signals for other periods, so I won't elaborate further. Stay flexible in your operations, take small positions to test, and follow the trend.