ETH's recent movement is still interesting. In the short term, it is indeed oscillating and adjusting, but looking at the medium-term pattern, there are no signs of a change in the bullish trend.
From a technical perspective, although short-term indicators are somewhat weak, the upward trend in the previous three waves is very clear, and this movement is also in line with expectations. At the current pace, there is likely to be a wave around 5 PM (Eastern Time) at the 3110 level.
For trading reference, focus mainly on these key levels: the first resistance is at 3120 above, the support level below is at 3070, and the final bottom line support is at 3050. If it continues upward, the target range is around 3180-3200. Short-term fluctuations don't need to cause too much panic; the medium-term direction is the key.
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TokenSleuth
· 3h ago
You really need to keep an eye on the 3110 level; this wave of momentum is quite intense.
As long as the mid-term bullish trend doesn't break, there's no need to panic. The key is not to let short-term fluctuations affect your mindset.
Honestly, I would only panic if the 3050 level really drops; otherwise, just wait for the rebound.
As long as the bullish pattern remains intact, keep holding. There's no need to stress yourself out by constantly watching the K-line.
I'm confident about the 3180-3200 target; it all depends on whether we can break through.
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HalfPositionRunner
· 01-08 08:36
I'm also watching the 3110 level, but I feel that the move around 5 o'clock might once again fall short. This has been the pattern these days.
I just want to ask, if it really drops to 3050, would we still dare to buy the dip, or would we start crying again?
3180-3200 sounds good, but I choose to believe what I see.
Honestly, it's just waiting. As long as the mid-term bullish trend isn't broken, there's nothing to be afraid of.
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OnChainSleuth
· 01-08 08:34
Can that wave at 3110 break down? It feels a bit uncertain.
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ShitcoinArbitrageur
· 01-08 08:31
I bet on this move 3110, waiting for the show at 5 PM.
ETH's recent movement is still interesting. In the short term, it is indeed oscillating and adjusting, but looking at the medium-term pattern, there are no signs of a change in the bullish trend.
From a technical perspective, although short-term indicators are somewhat weak, the upward trend in the previous three waves is very clear, and this movement is also in line with expectations. At the current pace, there is likely to be a wave around 5 PM (Eastern Time) at the 3110 level.
For trading reference, focus mainly on these key levels: the first resistance is at 3120 above, the support level below is at 3070, and the final bottom line support is at 3050. If it continues upward, the target range is around 3180-3200. Short-term fluctuations don't need to cause too much panic; the medium-term direction is the key.