Last week, Ethereum was impacted by news, causing a sharp decline in price, reaching a low of 1752. Subsequently, the market entered a slight fluctuation period, with prices oscillating in a narrow range of 1820 - 1960. During this time, the price of Ethereum attempted to break upwards multiple times, but failed to make substantial progress. Overnight, the market rose again to 1922, but quickly fell back to 1858.

From a technical perspective, the rebound amplitude of the KDJ and MACD indicators in the daily technical structure is gradually shrinking, while the MA three-day moving averages continue to decline, forming a clear resistance. However, on the 4-hour level, the current MACD and KDJ indicators have flattened out, indicating that the downward momentum is gradually diminishing. Currently, although the short-term price has retreated, there is strong buying support at the bottom, and a significant gap exists between it and the five-day moving average. It is expected that in the short term, the price of Ethereum will continue to rebound and adjust.

In summary, based on technical analysis and short-term market sentiment, the current market is in a complex fluctuation phase. During this phase, the difficulty of operations has significantly increased. On one hand, price fluctuations lack clear directional guidance, making it difficult for investors to grasp market trends; on the other hand, both bulls and bears are balanced in the short term, making it hard to form a clear trending market. It is expected that the short-term rhythm will lean towards an inertial rebound followed by a continued decline, further solidifying the bottom and laying the foundation for future market development. Today --> Based on the above analysis, Ethereum can be safely shorted in the 1920-1950 range, and then longed in the 1840-1810 range. Due to the rapid changes in the market, we will be aggressive here. Ok, that's the market for today. Good luck to everyone, and welcome to join the community. If there are any changes in the market, we will notify everyone in the community as soon as possible. Follow the public account: Ambush Notes.

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