Analysis of the Ethereum Daily Chart: Yesterday, the Ethereum daily chart showed a rebound after hitting a low around 1810, rising to a high of 1870, and ultimately closing at 1840. The price has stabilized above the MA60 moving average, indicating short-term bullish signals.
A pullback to the MA60 (currently around 1830) could be an opportunity to enter a long position with a light position size, setting a stop-loss below 1815 and targeting the resistance level at 1875. If it holds above 1875, we could further target the 2000 mark.
Key support levels below are 1830, 1815, and 1800 in sequence. If it drops below 1800, we need to be wary of downside risks; first, we should pay attention to the effectiveness of the 1830 support. In the short term, there may be a slight pullback before continuing the rebound, so maintaining a light long position with strict stop-losses is advised. $ETH