$BTC $ETH $SOL The cryptocurrency world has witnessed a dramatic 4-hour K-line performance of Ethereum, with major funds flowing beneath the surface. This morning, after opening at $1794, it staged a deep V reversal, plunging to a low of $1533 before strongly rebounding to $1801, a 17% amplitude that had even seasoned investors calling it exciting. The key point is that the closing price firmly stands above the middle Bollinger Band, with bulls firmly in control.
Trading volume reveals secrets: After a massive increase of $120 million in the morning, the volume shrank to $80 million in the afternoon but remained flat above $1800. The MACD indicator shows that bearish strength is weakening, and such technical pullbacks are often excellent buying points. In terms of operations, it's recommended to closely watch the two major support levels of $1794 and $1750. Conservative investors can build positions in batches, while aggressive traders can take small positions long but should set a stop-loss at $1785.
Major news: Reports from the crypto summit suggest that ETH may be included in the U.S. national strategic reserve system. If true, the current volatility is just an appetizer. Remember, moments of panic often hide opportunities for wealth. Also, pay attention to the emerging MEME coin Co nan, which has entered an upward mode and may become a new opportunity for financial freedom.
