9.4 Ethereum Market Analysis

Ethereum experienced high volatility yesterday, retreating under the pressure of the 4500 level. The Bollinger Bands on the one-hour chart are narrowing, and the MA moving averages are turning down due to the retreat. Strong support can be focused on 4330, and it may be worth attempting to set long positions near the retreat. The four-hour chart shows unchanged range fluctuations, and with the Bollinger Bands not opening, the 4500 level remains a pressure point for this week. Overall, if Ethereum bulls have the volume, they may re-test the 4500 level, and long positions can be set after a retreat.

Trading Suggestion: Scale in long positions at 4345-4315

Target: 4430-4480

Risk Control: 4295