Tuesday Afternoon Thoughts: Analysis of the Latest Ethereum Market
Looking back at the long position suggested during the afternoon, the actual Ethereum market did not show significant fluctuations and did not meet our expected pullback. After briefly dipping to around the 1790 line, it quickly rebounded. Currently, the market is fluctuating around the 1800 line, and we still maintain the strategy of pulling back to enter long positions.
From a four-hour technical analysis, the current market is firmly under the control of the bulls. The bullish momentum is continuously being released like a tide. Although the trend direction is not yet confirmed, the bullish energy is still being expressed, and it has already entered the overbought range, indicating a potential demand for a price rebound. However, the overall bullish atmosphere is overshadowed like dark clouds, and blindly chasing after the market is like taking chestnuts from the fire, which carries high risks. Investors must be cautious and weigh their decisions carefully, proceeding steadily.
Afternoon Operation Suggestions:
Enter long positions in the 1750-1780 range, targeting 1850.
