10.18ETH Analysis: The strong breakout of ETH is imminent, current price targets 4000 for buying!
Today, Ethereum is all about buying; buy directly at the current price of 3906, add positions on a pullback to 3880, with targets at 3980-4020!
From a technical perspective, the ETH price has stabilized above the MA7 moving average at 3823, forming strong support. The current price has strongly broken through the recent consolidation range, with the MACD green bars expanding and the RSI indicator in a strong zone, indicating strong bullish momentum. The 4-hour moving average system shows a bullish arrangement, with key resistance above at the MA25 moving average around 3959. Once broken, it will open up larger upside potential.
On the news front, the Ethereum ecosystem has seen a significant increase in activity recently, with continuous inflow of funds, pushing the price to break through. A short-term pullback is a buying opportunity, with risk control set below 3840.
