Ethereum yesterday review
Yesterday, the Ethereum in Lingcheng quickly rebounded after touching the daily midline at 4060, skyrocketing to a maximum of 4300 by midnight. Following the previous day's cliff-like drop of 300 points, it surged again by 300 points yesterday, making it an incredibly thrilling high-altitude bungee jump. From yesterday's news perspective, there were no obvious positive or negative stimuli; it can be seen as a completion of a wave of alternation between old and new major capital. The Federal Reserve's meeting minutes released in the early morning regarding interest rat

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 re

Ethereum
In yesterday's review, Ethereum fell from a morning high of 4521 to 4224, a drop of nearly 300 points, resulting in countless liquidations. However, after stabilizing at 4224, it surged back to 4343, indicating that the bulls have a deep layout in this area. The current momentum is still dominated by bears. There were no significant negative news events yesterday; on the contrary, a series of positive news emerged, suggesting that this sell-off was just a coordinated high-position exit by some major players and funds, while accumulating at lower positions. Overall, the market needs to

Technical Analysis
From the 1-hour chart, the current market is in a state of oscillating upward movement. After stabilizing above the middle line of the hourly chart, it will continue to surge upward. The Bollinger Bands are opening downward, and the current market is in a bearish state below the middle line, with oscillating downward movement. The MA moving averages show a transition from bullish to bearish arrangement, with the three short-term moving averages having crossed below the MA60 medium-term moving average from above. However, the MA5 has turned upward to cross above the MA10 to f