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In the one-hour cycle of Ethereum, a bearish butterfly pattern is observed. Last night, it was emphasized that stabilizing at 3080 would lead to a pump. The market reached a peak again at 4165. Did you execute this strategy?
The current hourly period 4130 is an important resistance level, defending 4196, and the overall strategy is as expected.
The trend yesterday allowed you to enjoy it from top to bottom, and the recent market fluctuations have been quite significant, so those who seize the opportunity can reap considerable rewards.
The support below should still reference the position of 3820, and the one-hour pressure depends on the two-hour trend.
If it stabilizes at 4105 for two hours, it will continue to surge. Pay attention to 4140 USD in two hours. Why is two hours so important? Mainly because the support at the zero axis is relatively strong in two hours.
Overall, we need to look at the continuity of the weekly and daily charts. If the 8 o'clock closing continues to go down, then today will still be bearish.
The above opinions are for reference only and do not constitute investment advice!
$ETH