Ethereum

Yesterday's review showed that Ether broke downwards below 4200 during the day, reaching a low of 4190. It then consolidated in the range of 4220 to 4250 without breaking downwards. After gaining momentum, it surged from 4230 to 4340 by the evening. However, due to evening news stimuli, it seemed that the Russia-Ukraine talks were not progressing in a positive direction, and factors such as the low opening of the US stock market contributed to a downward trend in the evening. From 4300 at 10 PM, it fell all the way down to a low of 4065 by 7 AM. After touching the daily midline, it rebounded, but encountered strong resistance at the 4100 level, remaining at 4100 for several minutes without breaking through.
Yesterday's orders, the bears successfully made profits, with the highest point at 4380 in the morning at 8 o'clock, and the lowest point down to 4190 during the day and 4065 in the early hours of today.
Technical analysis
From the 4-hour perspective, today's trend is in a volatile downward movement. The Bollinger Bands are opening downwards, with all three lines moving down, indicating a decline in the market. The MA moving average indicator shows signs of a bullish-to-bearish reversal and has already crossed below the MA60 moving average. It is currently at the support line of MA120, and once it stabilizes, there will be a surge in the rebound. The MACD indicator shows both lines below the 0 axis in a dead cross, indicating a market decline. The RSI indicator is in the oversold area, and the two lines are about to cross into a golden cross, suggesting that the market will experience a rebound.
Overall, we are currently in the rebound phase after hitting the bottom. If we can break through and stabilize above the hourly line at 4133, we will continue to surge upwards.
Resistance levels: 4160, 4200, 4230, 4300
Support levels: 4100, 4060, 4000, 3960
Today's operation can focus on short positions. Currently, the market's bullish sentiment is relatively low, and it is in a stage of new and old main force chip exchange. The upward momentum will not yield significant returns, and the downside space is also quite limited.
High-altitude strategy: After rebounding to the resistance at 4160, if the buying power weakens, a position can be established. If the buying power is strong, a position can be established at 4200, with a replenishment point at 4300 and a stop loss at 4330.
First take profit: 4070
Second take profit: 4010
Long strategy: initial position 4000, key support at whole number, stop loss if it falls below 3950
First take profit: 4100
Second take profit: 4160
There are only two days left until a key meeting on Friday, and the market is unlikely to experience significant fluctuations, but small-scale reshuffling will emerge endlessly.