10.22 Ethereum Market Analysis

Ethereum reached a high of 4100 yesterday but failed to stabilize at the 4000 mark and has since retreated, currently oscillating around 3900. The one-hour chart shows that the bare K has not touched support, and the overall bearish trend remains unchanged; breaking the 4000 mark this month seems unlikely. No golden cross has been observed in the moving averages. Short-term resistance to watch is at 3950, which is expected to be touched during the day; overall, Ethereum is expected to rise in the short term but fall in the long term, so a strategy of buying first and selling later is recommended.

Operation suggestion: Buy in batches at the current price of 3860-3840

Target: 3910-3940

Risk control: 3820

Short selling suggestion: Sell in batches at 3940-3970

Target: 3850-3750-3650

Risk control: 3995