From the perspective of naked K, ETH has not yet shown a strong naked K and needs more time to continue consolidating before determining whether it will form a bottom. Therefore, currently, it is still just a rebound, and it is expected to continue testing around 4280. The shape has initially filled the gap of 4280, showing a rebound. The upper 4440 area, fibo 0.618, as well as the densely concentrated area of chips are important pressures. For the aggressive ones, we will attempt to enter a short order around 4408, looking at the consolidation shape above 4280. If the consolidation is weak, it may continue to decline.
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From the perspective of naked K, ETH has not yet shown a strong naked K and needs more time to continue consolidating before determining whether it will form a bottom. Therefore, currently, it is still just a rebound, and it is expected to continue testing around 4280. The shape has initially filled the gap of 4280, showing a rebound. The upper 4440 area, fibo 0.618, as well as the densely concentrated area of chips are important pressures. For the aggressive ones, we will attempt to enter a short order around 4408, looking at the consolidation shape above 4280. If the consolidation is weak, it may continue to decline.
ETH Morning Session:
4410 short order
4444 short order