On the last trading day, Ethereum was in a volatile state during the day, rebounded to 3545 in the evening and then fell under pressure, forming a large bearish candle with a low of 3410, followed by a volatile upward movement. In the early trading today, it reached 3565 and then fell back under pressure, with the current market price oscillating around 3535.

Yesterday, Changlu provided a short-selling strategy for the rebound in both the article and real-time strategies, and suggested a long position near 3405-10 for profit-taking. Friends who followed the operation have made good profits in both long and short positions. With the halving of the market approaching, the market is becoming increasingly complex and changeable. It is important to set stop-loss orders for recent operations to prevent unnecessary losses caused by market changes.

Ethereum Market Analysis: Yesterday evening, the market rebounded from the decline, forming a V-shaped reversal with a long lower shadow and a bullish candle, without breaking the support of the daily middle track line. Similarly, on the weekly chart, it did not break the support of the 5-day moving average. From a technical indicator perspective, the market's volatility is relatively low, and the MACD is in a volume-increasing state. The technical indicators show a trend of consolidation. Before the halving, Ethereum will also experience a period of volatile market washing along with Bitcoin. It is still necessary to pay attention to the support near the daily middle track line at 3475. If it does not break, there is still a chance for further rebound. In five days, it will be the time for Bitcoin halving. Whether yesterday's pullback will be the last dip before the halving is still debatable. If the market is to continue to rebound, it needs to break through the half of the previous day's large bearish candle and then break through the resistance near the upper track line.

On the 4-hour chart, Changlu mentioned yesterday that the market's rebound and pullback showed a trend of a 5-wave model. The market's pullback formed the fourth wave, and to establish a 5-wave model, the fifth wave needs to rebound higher than the third wave. From the trend of the market, the rebound was resisted near 3565, which is the 0.786 Fibonacci retracement level, and also suppressed by the middle track line on the 4-hour chart. The MACD is in a state of shrinking red volume bars, and the RSI has turned. If it cannot break through the long-term resistance of the middle track line, the market may continue to pull back to the support below, consolidate its foundation, and then rebound. Today, Changlu suggests watching for a rebound. If it fails to break the resistance near 3565, consider entering a short position. On the downside, pay attention to the support at 3515. If it breaks, it will be necessary to focus on the support near the daily middle track line.

Operational Suggestions: Real-time strategies are provided.

For more strategies, 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. Everyone's common wish is 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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