A brief recap of #以太坊 from yesterday:

Yesterday during the day, Ethereum showed a rebound after hitting the bottom, breaking through the middle Bollinger Band line and attempting to stabilize at the middle line before continuing upwards. After pulling up from the morning low of 4550 to 4620, it fluctuated back and forth in the 4620--4570 range. After the US stock market opened in the evening, the market began to surge, reaching a high point of 4661 with strong bullish momentum. Subsequently, after the US stock market closed, it was affected by Nvidia's earnings report, falling all the way down to 4470, with a daily fluctuation of 332 points and a liquidation of 270 million within 24 hours.
From a technical perspective:
From the 4-hour chart, it is currently in a rebound after piercing the middle line of the Bollinger Bands. The three lines of the Bollinger Bands have shown a downward trend and are now in a contracting state. The market will enter a consolidation phase in the following period, with the corresponding prices of the three lines of the Bollinger Bands being 4345--4553--4762. The bearish volume is starting to weaken, and there is a trend of testing the middle line of the Bollinger Bands upwards.
The 4-hour chart's MA moving average indicator is currently showing a death cross in the short-term moving averages. The short-term moving averages on the hourly chart are trending downwards, but the bearish volume is starting to weaken. At this point, the market is operating below the short-term and medium-term moving averages, and there will be a period of consolidation testing the upper side of the short-term moving averages.
The MACD indicator on the hourly chart is showing a dead cross above the zero line, with the fast line that has pierced through the zero line indicating a downward trend. Bearish volume is starting to weaken. On the 4-hour chart, there is a dead cross downward, but the fast line is still below the zero line, indicating bearish sentiment.
After the death cross in the oversold phase of the RSI indicator goes down, it enters the normal trading phase with corresponding values of 50--62, indicating market fluctuations.
Conclusion: Fluctuating upward after a decline and pullback.
Pressure: 4550, 4620, 4680
Support: 4450, 4430, 4340
High-altitude strategy: Establish a short position near 4550, top-up point at 4680, stop loss if it breaks and stabilizes above 4700.
First Take Profit: 4470
Second take profit: 4350
Long strategy: Establish a long position around 4450, add positions at 4350, and set a stop loss below 4300 if it breaks and stays below.
First take profit: 4550
Second take profit: 4620
After last night's decline, the bears currently lack sufficient volume. There may be a trend reversal during the day, focusing on low long positions, but stop losses should be set if it falls below 4300.