The concubine looks at this candlestick chart from a 1-hour perspective. Although it has slightly declined in the short term, the three key moving averages have already given signals. EMA(99) has formed strong support at 2843, indicating that the long-term upward trend is still intact.

Currently, the price has pulled back to around 2937, which is right between EMA7 and EMA25, indicating a short-term overselling. Continue to buy on dips.

$ETH : Buy around 2890-2920.

Target: 2970-3000.

If it breaks through, continue to look upward, and keep a strict stop-loss in place!