The trend of Ethereum is indeed strong. It was mentioned some time ago that it has effectively broken through the downtrend line, and as long as it holds above the 2880 support level, the target will point towards 3040. Today's market also confirms this judgment, with Ether reaching a high of 3077.
From a technical perspective, there are two key points to pay attention to: first, the resistance area at 3040, and second, the stop-loss line at 2880. If it unfortunately falls below 2880, stop-loss immediately—this is crucial.
Interestingly, a double bottom divergence signal has appeared on the RSI, indicating that the downward momentum is exhausting. If you entered a long position during the trend line breakout, you might consider taking profits in batches now, while setting your stop-loss at your entry price to effectively control risk.
Next, we will see if Ether can hold steady at 3040. This is currently the most critical resistance. Once it breaks through and stabilizes, the next target will be 3160. The gains or losses at this position will determine the strength of the short-term trend.
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The trend of Ethereum is indeed strong. It was mentioned some time ago that it has effectively broken through the downtrend line, and as long as it holds above the 2880 support level, the target will point towards 3040. Today's market also confirms this judgment, with Ether reaching a high of 3077.
From a technical perspective, there are two key points to pay attention to: first, the resistance area at 3040, and second, the stop-loss line at 2880. If it unfortunately falls below 2880, stop-loss immediately—this is crucial.
Interestingly, a double bottom divergence signal has appeared on the RSI, indicating that the downward momentum is exhausting. If you entered a long position during the trend line breakout, you might consider taking profits in batches now, while setting your stop-loss at your entry price to effectively control risk.
Next, we will see if Ether can hold steady at 3040. This is currently the most critical resistance. Once it breaks through and stabilizes, the next target will be 3160. The gains or losses at this position will determine the strength of the short-term trend.