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
ETH-0.88%
BTC-0.55%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)