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10.13 Yufu Evening ETH Analysis:
Market Logic: From the perspective of correlation and independent volatility characteristics, ETH is currently showing a fluctuating pattern in line with market rhythm. It has formed a bullish defense zone in the range of 4060 - 4110. If the price rises based on this range, 4210 - 4270 will become the key target area for short-term bullish momentum release.
Technical Evidence: Combining hourly-level technical structures, its fluctuation rhythm shows a strong correlation with BTC. Before the bullish defense level is effectively broken, one can rely on key support levels to layout long positions, betting on a rebound market.
It is suggested to open long positions for ETH around 4110 and 4060, with targets looking at the 4210 - 4270 range.