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Evening of January 18
This Week's ETH Market Analysis and Trading Strategy
This week, Ethereum's market has shown a strong rebound trend, with prices continuously rising from the recent lows, breaking through key resistance levels and temporarily challenging previous highs, followed by a technical correction. However, the correction is very limited; after quickly testing the support, prices rebounded rapidly. Currently, the market is in a consolidation phase, building momentum, with an overall bullish structure characterized by gradually rising lows and continuously probing highs.
From the daily technical perspective, the Bollinger Bands have clearly expanded upward, with prices steadily operating near the upper band; the MACD indicator remains above the zero line with increasing volume, with both lines maintaining a golden cross upward, indicating that the bullish momentum continues to strengthen, showing a clear trend.
Operational Suggestions
Buy in batches within the 3280-3300 range, with the first target at 3400. After a valid breakout, aim for 3500.