On the previous trading day, the fluctuation range of Ethereum in the Asian session was less than 5 points, making it difficult to take action. As expected, the American session, which loves to stir things up, embarked on a downward path in the early morning, retesting the support and rebound near 1810, and the current market is oscillating around 1830.

Yesterday, Changlu mentioned in videos, articles, and real-time strategies that the market's rebound was weak. If the support at 1835 is broken, there is a chance to test the support near 1810. As expected, the market is always late but never absent. In the evening, Changlu specifically posted to notify everyone, hoping that you are the lucky one.

Ethereum Market Analysis: In the early morning, the market retested the support and rebound of the 60-day moving average. From the perspective of various technical indicators on the weekly chart, it is still difficult to rebound. If the 60-day moving average below does not receive effective support, the market will continue to fall to the support near 1775, and may even test the lower boundary of the weekly chart. On the daily chart, the current rebound has not surpassed the high point of the second wave rebound near 1885. Multiple tests of the upper downtrend line have not made effective breakthroughs. This retracement was also expected. The oscillation in the Asian session in the past few days has made it difficult for us to discern the situation and has caused impatience. After retesting the lower boundary support on the daily chart, whether it can rebound smoothly or continue to retest and break the support, forming an extended wave of the fifth wave, everyone should pay more attention to the subsequent market trends. Pay attention to the resistance near 1845 above, and continue to pay attention to the support near 1815 below.

On the 4-hour chart, the market was generally in a range oscillation in the Asian session yesterday, and a sharp drop occurred in the early morning, breaking through the support of the lower downtrend line and rebounding near the 0.236 Fibonacci retracement line at 1813. Changlu mentioned in the video and real-time strategy that if the support near 1835 is broken, it will continue to test the support near 1810, and the market is indeed very powerful. Today, the market rebounded and faced resistance from the upper uptrend line and the 0.618 position. The rebound is still difficult. The market pierced the support below in the early morning, and there is a certain buying support below. If it can successfully break through the resistance of the trend line, then pay attention to the support near 1840. Today, Changlu suggests observing the rebound first and entering a short position only if the resistance above is not broken.

Trading suggestion: Enter a short position near 1843-1855 for the rebound, stop loss at 1865, take profit at 1815-1800.

Reminder: The strategy is for reference only. Set stop-loss and take-profit levels, and consider taking profits in batches and using trailing stops to protect profits and avoid giving back too much profit.

The cryptocurrency trading market is always in full swing. It is everyone's common wish to seize the opportunity and get a share. Please believe that "the only thing missing between you and financial freedom is a long road." With Changlu's guidance, you will definitely achieve your cryptocurrency wealth dream faster and more steadily.

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