Real time Ethereum market analysis:
From the current market perspective, the price has fallen below the upward channel. For the evening orders given, stop loss measures can be taken first. Small orders are likely to experience a pullback, but if the price can rise again to 4506 before 2 o’clock, the market will continue to rise. The target pressure above will continue to be 4550, and if it breaks through, the pressure around 4600-4670 can be seen. Small positions can be attempted in this range for trading orders.
If the price bulls fail to close above the 4505 line, it means that there is no sign of a short-term reversal for the bulls. At most, they can only see a rebound and encounter obstacles when rising, and will continue to retrace to the lower support range of 4430-4410, break the level to look at the 4335-4300 range, and try to hold small positions in this range.
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