On the previous trading day, Ethereum finally broke out of the long-term rebound as predicted in the article. The market rebounded from around 3400 in the morning, broke through the pressure of the daily midline, and rose to a high of 3735 in the morning before pulling back. The current market is oscillating around 3680.

Yesterday, the article and real-time strategies both indicated that the market rebound would depend on the resistance near the daily midline at 3465. If it broke through, the rebound would continue to the upper line of the daily chart. The real-time strategy also advised against shorting and recommended following the strategy of going long, encouraging friends to take full advantage of long positions.

Ethereum Market Analysis: The market received support after a pullback and rebounded from the midline to near the upper line yesterday. Today, it attempted to break through the upper line of the daily chart but failed and pulled back. In the morning, the article suggested that another rebound could occur near 3720 and recommended entering long positions around 3720 while setting a stop-loss at around 3735. From a technical indicator perspective, the market was suppressed by the upper line and the technical indicators showed a downward trend. Similarly, Bitcoin also faced pressure after touching the upper line of the daily chart and falling back. It is worth noting that this rebound did not surpass the previous high of 73888. With the Bitcoin halving approaching in a few days, attention can be focused on the support near 70000. For Ethereum, if it does not fall below 3630, entering long positions is advisable, while attention should also be paid to breaking through the upper line of the daily chart.

In the 4-hour chart, the market received support after a pullback to 3200 and formed a W-shaped pattern, continuously breaking through the upper resistance. The morning rebound was suppressed by the Fibonacci retracement level of 1.13 and pulled back. From a technical indicator perspective, the MACD showed a shrinking trend, and other technical indicators also turned downward. Overall, the market is expected to consolidate through a pullback. Based on the wave structure, the market's rebound formed the third wave. If it fails to extend the third wave, there may be a pullback in the fourth wave. Support near the midline of the hourly chart at 3645 should be observed, and the entry position for long positions should be considered based on the strength of the fourth wave pullback.

Operational Suggestions: Real-time strategies provided

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Reminder: Strategies are for reference only. Set stop-loss and take-profit targets, and consider taking profits in batches and using trailing stop-loss to protect profits while avoiding excessive profit return.

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

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