10.17 Ethereum Market Analysis

Ethereum has been declining after reaching its peak, hitting a daily low of 3670. The one-hour chart shows the Bollinger Bands' lower band acting as support with a naked candlestick, and there are already signs of a short-term bottoming out. The MA moving average's third wave correction has completed, with short-term support focused on the 3700 level and resistance during pullbacks at 3850-3950. The attached indicator MACD shows a dead cross with narrowing upward movement. Overall, Ethereum has bottomed out and is pulling back, which can be traded in line with the trend.

Operation suggestion: Buy in batches at current prices of 3760-3730

Target: 3850-3950

Risk control: 3710