Daily Analysis - #ETH#

ETH continues to drag in the logic of the crypto world's rise, especially the rise of varieties with a high Market Cap, the sustainability of which is relatively poor. However, there are also some details to note:
1. The daily candlestick has fallen back into the range oscillation. It is currently temporarily supported near the central axis. If the closing line is a small volume bearish, there is still a chance of a rebound in the future. But if it falls below the intraday low of 2445 again, it is highly probable to return to the previous low of 2350.
2. A few days ago, the community reminded of the cycle expansion, from 5 15 30 minutes to 1-hour level, it is gradually turning into shorting behavior. If you want to stop the fall, 4 hours need to stand above 2570, so this point can be used as the dividing point between short-term long and short positions.