Ether plummeted at the 4788 position, confirming our viewpoint from a few days ago, where defending the previous high of 4800 allowed for a smooth pullback of 300 points. It was previously mentioned that after the pullback, it would not be possible to continue shorting. The continuous rise has created a pullback structure in the larger cycles on the weekly and daily chart. A rapid decline in the short term can lead to an oversold condition, and the contradiction between the larger and smaller cycles makes the current trend more inclined towards consolidation.
From the daily chart perspective,

Ethereum lying in ambush order

Bitcoin strategy

Ether layout

In the early morning, Ether surged again, and the market sentiment is high. It is now very close to the historical peak of around 4880. Under the strong bullish sentiment, we have to consider the risk of a pullback. In the past, we positioned ourselves in the spot market around 2100, and after reducing our position around 3800, we decided to clear out at the 4600 level. Although it may continue to rise, the last coin is indeed the hardest to catch.
On the technical side, we have been continuously oscillating in the range of 4144-4380. After breaking through 4380, the final acceleration point i

Good morning everyone, quite coincidentally, after updating the 3-hour Bollinger Bands closing support yesterday, the market quickly pumped up, rising straight to around 4365, just testing the 4380 resistance point nearby. In the layout from the previous two days, we mentioned that we could continue to defend downwards after the rebound. In the early morning phase, we were able to effectively pullback. Now, we are back above the key support level of 4144, and we choose to go long upwards in the range of 4180-4200. Currently, we can see the short-term space.
Structurally, the four-hour Bollinge

In the analysis released early in the morning, we mentioned the resistance level of 4380, which was the peak on May 12, 2021. According to the expected layout, there has now been a smooth pullback, reaching the first phase target point. The current pullback is testing the previous pullback support level of 4150. Only if this level is effectively broken will there be a chance to initiate a larger pullback. Therefore, this position is considered our first Hedging long point.
The Bollinger Bands have been continuously narrowing to the position of 4150 for 3 hours, indicating that it will be diffi

There is a rebound opportunity at the key Node below Ether.