Ethereum View: Reference 4H
Previously mentioned that the long position for Ethereum can refer to the POC zone below, and the rebound was very strong. Congratulations to the brothers who managed to catch this wave, but I didn't make it; I just went out drinking 😂 I didn't pay any attention to this spike and didn't dare to place an order in advance.
So in the early morning, Ethereum was blocked at the upper resistance area. This resistance level is the previous support-resistance switch. Tonight, we can pay attention to whether Ethereum will test again.
If a false breakout occurs and it closes below, then we can open a short position, looking towards the POC position below or even lower. If it doesn't break through directly and stabilize above, then the next short position will be at the upper POC position +0.618.$ETH
