On the last trading day, Ethereum retraced near the low of 2905 and began to oscillate upwards. In the evening session, it rose to a high near 3033 without reaching a new high, and then retraced to around 2930. After another attempt to approach 3045 in the early morning, it retraced. The current market is oscillating near 2985.

Yesterday, Changlu provided a strategy for longing on retracements in the article. Although I did not enter the market, friends who followed the real-time strategies and entered long positions could have gained profits.

Ethereum market analysis: Yesterday, Ethereum showed a doji trend, and the battle between long and short positions around the key level of 3000 was extremely intense. It failed to break through the high point near 3038 after three consecutive attempts and retraced, showing a trend of three peaks. Various technical indicators also showed a downward trend. If a large bearish candle can be formed today, the trend can be confirmed. Considering the trend of Bitcoin, we need to pay attention to whether the main force will take action on the long side before the halving. Changlu also reminded us yesterday to be cautious about chasing long positions, especially around 3030, and to be aware of the possibility of a bull trap. The breakthrough near 3040 and the support near 2955 are the key levels to watch.

The 4-hour chart broke through the resistance of the downward trend line, retraced to find support near 2970, and then rebounded but was pressured down from the high point of 3044. Supported by the Fibonacci retracement level of 0.618 near 2970, the market has been oscillating and recovering nearby. From the perspective of technical indicators, there is still a trend of upward rebound, and the Bollinger Bands are narrowing, indicating a trend of oscillating around the midline. Today's operation should focus on oscillation in the morning session. If it does not break through 3000, look for retracement first. You can enter long positions again on retracement. The recent market fluctuations have been intense, so everyone must control their positions and set stop-loss orders.

Operational suggestions: Real-time strategies are provided.

For more real-time strategies, you can follow Changlu's Weibo @长路财经

Reminder: The strategy is for reference only. Set stop-loss and take-profit orders, and consider 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 Changlu's guidance, you will definitely achieve your cryptocurrency wealth dream faster and more steadily.

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