Current market dynamics show that Ethereum is still strongly influenced by bearish market makers. From the analysis of the 4-hour chart, yesterday's rebound has come to an end. It is worth noting that this rebound faced significant resistance after reaching the middle band of the Bollinger Bands, indicating that the bearish forces above remain very strong. Compared to Bitcoin, Ethereum's performance is noticeably weak.



Technical indicators show that the range of 4550 to 4560 will become a key resistance level, and there is a strong bearish sentiment prevailing in the market. However, investors need to closely monitor important news that may emerge in the evening, as this information could significantly impact the subsequent trend.

It is worth mentioning that the market seems to be at a critical juncture, and a significant reversal is likely to occur in the next day or two. In such an uncertain environment, investors should remain vigilant, closely monitor market trends, and adjust their investment strategies in a timely manner. At the same time, they should also be mindful of risk management to avoid unnecessary losses in a highly volatile market.
ETH-1.29%
BTC-0.54%
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ForkInTheRoadvip
· 13h ago
There must be a winner and a loser in long and short positions.
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