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Ethereum early session pullback completed, signaling a buying opportunity
Dear friends, the rapid decline in the early session did not break the trend structure but instead provided an ideal window for positioning. Market sentiment was fully released during the sharp drop, and clear support signals have emerged at key levels.
From a 4-hour perspective, the current chart shows typical technical correction features: the MACD histogram is converging near the zero line, indicating weakening bearish momentum; the price tested a previous high-volume zone precisely and quickly rebounded, demonstrating a clear intention of the main force to defend the market.
It is recommended to go long around 3150 and 3180, with the first target at 3300, and a breakout target of 3410.