ETH looks at the market in the afternoon!
First, let's look at the moving averages: the current price is still firmly above the main moving averages, and the moving averages are in a bullish arrangement, indicating that the overall upward trend has not been disrupted.
Next, let's look at MACD: it is currently in a golden cross state, but the momentum to push upwards has weakened a bit, and there are signs of a top divergence — that is, prices have reached new highs, but the momentum indicator has not followed suit. This suggests that the upward momentum may not keep up, so we need to be aware of the risk of a pullback.
Also, RSI (Relative Strength Index): the current value is around 65, approaching the overbought zone, but there is still some upward space. This means that the bulls still have strength, but the risk of chasing high prices is gradually building up.
Next, it is still recommended to go long: you can enter long positions around 4470 to 4500, targeting first at 4550 to 4600. If this position breaks, it could soar straight to 4700 for another wave! $BTC
