As time passes, a new Monday is about to come, welcoming the end of the weekend. Fans who are getting back on track are looking forward to a lucky Monday. Good morning, everyone! Next, the court will briefly share with you the recent situation of Ethereum.

From a 4-hour perspective, the current price is trading near the middle track of the Bollinger Bands, and the moving average shows signs of downward development. The Bollinger Bands are flat, with 1630 becoming the intraday strength-weakness boundary, and attention is focused on the short-term support at 1550. Currently, gold is still in a narrow range oscillation. The KDJ technical indicator shows all three lines moving downward, and the red momentum column of the MACD is shrinking. Whether it can move in a new direction depends on the situation of breaking through the range. Before a breakthrough, short-term response to oscillation is recommended, and the strategy will change after a breakthrough. In terms of operation, it is suggested to focus on short positions, with long positions as a supplement.

Personal operation suggestion for Ethereum: short in the range of 1640-1650, with a target of 1580-1550.

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