Observing the MACD green bars on the 4-hour level, ETH is currently in a bullish momentum accumulation phase. The short-term range fluctuations are not a signal of a trend weakening, but rather a consolidation for the main funds to accumulate energy for the subsequent upward attack.
The price has repeatedly tested key support levels without effectively breaking through, and this trend intuitively reflects the strong buying power below, with bullish buy orders gradually accumulating during the fluctuation process. Considering the current technical and funding characteristics, it is highly likely that the market will rally based on the support levels, and there is even hope for the start of a new round of trending upward movement. Suggestion: 2950-2980 Target range: 3080-3180$ETH $BTC
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12.23ETH
Observing the MACD green bars on the 4-hour level, ETH is currently in a bullish momentum accumulation phase. The short-term range fluctuations are not a signal of a trend weakening, but rather a consolidation for the main funds to accumulate energy for the subsequent upward attack.
The price has repeatedly tested key support levels without effectively breaking through, and this trend intuitively reflects the strong buying power below, with bullish buy orders gradually accumulating during the fluctuation process. Considering the current technical and funding characteristics, it is highly likely that the market will rally based on the support levels, and there is even hope for the start of a new round of trending upward movement.
Suggestion: 2950-2980
Target range: 3080-3180$ETH $BTC