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Reminder

Ether short-term

lying in ambush in advance

Supplement layout

8.17 Ethereum layout

Ether 2 Exploration

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