Brothers, something big is about to happen with $ETH !
Regarding the ETH four-hour market, ETH is currently quite strong, with a price of 2655.89, approaching the previous high of 2663.49. The short-term upward trend is quite obvious. In terms of indicators, the MACD shows strong bullish momentum but has a risk of a top divergence. The BOLL channel's volatility is increasing, and the RSI indicates short-term overheating. The trading volume is still insufficient, and there is a divergence between price and volume, making this rise a bit precarious.
There are both bullish and bearish signals; breaking the previous high could lead to 2700 - 2800, while falling below the EMA7 may pull back to 2572. Each strategy has its own approach, whether aggressive or conservative, and it's essential to pay attention to CPI data and whale selling pressure. Overall, ETH has short-term risks, and only a significant breakout above the previous high can provide substantial space; otherwise, a pullback may occur. It is advisable to hold cash for opportunities; I remain optimistic in the medium term, with a Q3 target of 2800 - 3000.
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