On the previous trading day, Ethereum rebounded from around 1985 to a high near 2040 in the early morning, then tested the low point of 1994 again after noon and began to oscillate and rebound. In the early morning today, it rose to a high of 2076 and then retraced. The current market is oscillating around 2055.

Yesterday, Changlu mentioned in both the article and the video that one must be cautious about shorting. Many friends thought that after the drop to the 2000 level, there would be another opportunity to test the low point of 1900. However, it could be seen from the early morning of yesterday that a large bullish candle was formed on the four-hour chart, indicating a trend of bottoming out. The short position given by Changlu in the article yesterday could have captured a wave of profits, and then the market rebounded one after another. Although real-time strategies gave a long position near 2015, not all profits were captured.

Ethereum Market Analysis: Ethereum formed a small bullish candle yesterday, and broke through the pressure of the middle track in the early morning, and although there was a retracement to the middle track this morning, it did not break through. From a technical perspective, with the contraction of the Bollinger Bands, the market will enter a period of oscillation and consolidation. Although the market rebounded, technical indicators still show a downward trend. Today, attention still needs to be paid to the support near the daily middle track of 2030. If it does not break, the rebound will continue. On the upside, attention should be paid to the resistance near 2080.

On the four-hour chart, Changlu mentioned in the article yesterday that the market formed a five-wave retracement model. If 1985 is the low point of the third wave, there will be an opportunity for a fourth wave rebound. As expected, the market needs to form a five-wave model, and the condition is that the rebound cannot break through the high point of the second wave. From a technical perspective, the rebound broke through the downtrend line, rose to around 2076, and retraced near the 0.618 Fibonacci retracement line. This rebound should first focus on whether the price breaks through the previous high point near 2095. If it continues to fail to break through the high point, there will be a chance to form a fifth wave retracement. Therefore, attention also needs to be paid to the support near the 0.236 Fibonacci retracement line around 2020. If it breaks, then we need to see if the market will form a low point. Of course, if the high point is broken, then it will not be possible to form a five-wave model. Today, Changlu suggests that for the rebound, short positions can be entered first, and attention should be paid to the support at 2030. If it breaks, continue to look down.

Trading Suggestions: Real-time strategies are provided.

Reminder: The strategy is for reference only. Set up stop-loss and take-profit, and make plans for partial profit-taking and trailing stop-loss to protect profits and avoid giving back too much profit.

The cryptocurrency 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 the guidance of Changlu, you will definitely achieve your cryptocurrency wealth dream faster and more steadily.

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