Ethereum has once again opened a new round of oscillation pattern this morning, and the current risk of this oscillation mode is controllable. In terms of operations, it is recommended to seize the buy low, sell high opportunities in smaller time frames, while paying close attention to the overall trend on the hourly level—this can be achieved by tracking the changes in each wave of highs and lows, predicting the general direction, and precisely capturing the key nodes that break the oscillation pattern.

From a technical perspective, Ethereum's hourly highs and lows are continuing to converge towards the middle, with the Bollinger Bands also contracting, clearly indicating that the oscillation pattern has fully unfolded and the fluctuation range is continuously narrowing. In the last round of oscillation, the high was 3890 and the low was 3862, providing a fluctuation space of nearly 30 points, which is sufficient to support effective operational profits.
As of November 2nd, 6:33, the current price of Ethereum is 3868. In the short-term period, the bears are reducing their volume, and bullish signals have emerged. The current price is in a rebound phase. Operational suggestion: You can wait for the price to reach around 3890, then try to short with a light position, targeting around 3860; if the price breaks upwards, it is necessary to pay special attention to the pressure and breakout situation at the 3900 integer level.