Monday evening Ethereum latest market analysis and trading suggestions
Old Tian emphasized in the afternoon that long positions could be established near 2605. As the market develops, this is continually being realized. Friends who have already entered long positions can continue to hold patiently and look upwards, while those who have not yet entered can try to take small positions offline to test the upward continuation. Conservative traders should wait for a pullback to a lower position before establishing long positions.
The 4-hour chart of Ethereum has broken through the consolidation zone, and the short-term upward trend continues. The current high point around 2500 has transformed into initial support. It is expected that the market will continue its upward momentum tonight. Although caution is needed for possible technical pullbacks in the future, the strong short-term pattern is clear, and it is not advisable to prematurely predict a top. Patience is required to wait for clear signals of a peak and pullback to emerge. Considering the sufficient time for pullback and consolidation last weekend, this round of pullback can be seen as an effective bullish accumulation process, providing momentum for further short-term upward movement. In terms of operations, it is recommended to rely on the middle track support level to first establish long positions, capturing the short-term inertia for upward movement. After the price rises, use shape changes in conjunction with key resistance levels for ultra-short positions.
Short-term suggestions for tonight:
Ethereum looks at 2570-2600 range, aiming for 2650.
#加密市场反弹
Old Tian emphasized in the afternoon that long positions could be established near 2605. As the market develops, this is continually being realized. Friends who have already entered long positions can continue to hold patiently and look upwards, while those who have not yet entered can try to take small positions offline to test the upward continuation. Conservative traders should wait for a pullback to a lower position before establishing long positions.
The 4-hour chart of Ethereum has broken through the consolidation zone, and the short-term upward trend continues. The current high point around 2500 has transformed into initial support. It is expected that the market will continue its upward momentum tonight. Although caution is needed for possible technical pullbacks in the future, the strong short-term pattern is clear, and it is not advisable to prematurely predict a top. Patience is required to wait for clear signals of a peak and pullback to emerge. Considering the sufficient time for pullback and consolidation last weekend, this round of pullback can be seen as an effective bullish accumulation process, providing momentum for further short-term upward movement. In terms of operations, it is recommended to rely on the middle track support level to first establish long positions, capturing the short-term inertia for upward movement. After the price rises, use shape changes in conjunction with key resistance levels for ultra-short positions.
Short-term suggestions for tonight:
Ethereum looks at 2570-2600 range, aiming for 2650.
#加密市场反弹
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ETH
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