Ethereum has been in a oscillating trend over the weekend. In the early hours of Saturday, it rebounded near 3770 after a pullback, and then rebounded again near the low point of 3485 over the weekend. It started to stretch in the afternoon yesterday and reached a high near 3660 in the early hours of today before falling back under pressure. The current market is oscillating around 3620.

Ethereum market analysis: Last week, the market formed a small positive candlestick, with the body of the candlestick exactly matching the negative candlestick from the week before. From a technical indicator perspective, as the market pulled back, the MACD green histogram is still in a shrinking state, and other technical indicators are also in a state of consolidation. Overall, the bearish trend has not completely ended, and there is still a downward trend. Attention can be paid to the support near the 5-day moving average of 3535 below. The market also broke through the pressure of the midline yesterday, rebounded near 3660 in the morning, and fell back under pressure. There may continue to test the support near the midline of 3555-70. With the contraction of the daily Bollinger Bands, the market will further oscillate and wash out, and the halving of Bitcoin is also approaching. When operating, be sure to set stop-loss orders to guard against unnecessary losses caused by market changes.

4-hour chart: The market's oscillating rebound did not break through the resistance near the high point of 3680 and fell back. From a technical indicator perspective, the market's rebound failed to break through the upper rail and fell back. The MACD also showed a shrinking trend, and other technical indicators showed a turning downward trend. Overall, there is a trend of breaking through the support of the upward trend line below. Attention can be paid to the support near the Fibonacci retracement line of 0.618 at around 3600. If it breaks through, there is a chance to test the support near the midline of 3555. For today's operations, it is recommended to wait for the market to pull back before considering entering long positions if the support below is not broken.

Operation suggestion: Real-time strategies are provided.

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Reminder: The strategy is for reference only. Set stop-loss and take-profit orders, and consider taking profits in batches and using trailing stop-loss to protect profits while avoiding excessive profit retraction.

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