ETH: Key points dominate the trend, and the long and short competition has a new trend

As clearly explained in the previous article for ETH Ethereum, if its price cannot stand firmly above 3610, the correction trend will continue. After reaching the second support level last night, it immediately rebounded and approached the area around 3605.

The current overall pattern is that the daily level is dominated by multiple forces, but the 4-hour level is in the process of correction.

In today's market evolution, 3592 has become a very critical focus. Only when the 4-hour level can be firmly above this point when closing, this round of 4-hour level correction can end, and the market can continue to move upward. At this time, the upper target pressure level should pay attention to the range around 3622, 3655 and 3688.

(It is worth noting that 3688 is exactly the high point of the last round of 4-hour level rebound, and there is a potential opportunity for short-term short-selling at this point.)

If today's 4-hour level cannot successfully stand above 3592, then this indicates that the market has encountered obstacles in the process of moving upward and will continue to pull back. At this time, the support level below needs to focus on the areas near 3535, 3493 and 3454. #山寨币走势展望 #币安BNSOL质押PYTH #比特币打破感恩节魔咒 #市场波动，加仓还是观望？

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