The current price of #ETH fluctuates around 1816.42
In the short term, there is upward momentum in the market, although the overall volatility is high, bullish momentum is evident, especially with the support of the EMA indicator, indicating some upward potential. Additionally, the MACD indicator confirms the market's upward trend, with the golden cross pattern and increasing histogram suggesting that prices may continue to rise in the short term.
Suggestion: Consider buying on dips and pay attention to the potential breakout at the 1857 resistance level. If this resistance level can be effectively broken and the upward trend is maintained, it may open up further upward space.
Trading strategy suggestion:
Long position stop loss point: 1744 (breaking important recent low support, confirming short-term trend reversal) Long position take profit point: near 1857
Short position stop loss point: 1860 (effectively breaking previous highs, indicating continuation of the upward trend)
