Dear friends, I am the Tycoon, an analyst who has been deeply involved in the coin circle for 10 years. Today, let's analyze this ETH 1-hour candlestick chart in plain language: Is there a chance of reaching $3500 this month?
Technical Aspect: The chart holds hidden secrets!
This chart (lowest $2902.80, highest $3423.47) reveals several strong signals:
Strong reversal momentum: Back from around $2900, bears are being rubbed against the ground by bulls, and this counterattack is powerful!
The moving average 'Golden Cross' supports the bulls: The blue line (short-term) and yellow line (mid-term) have crossed, both lines firmly climbing upwards, and the trend is dictated by the bulls, a definite offensive posture.
Key position under siege: The price has 'touched' around $3400 multiple times. Based on Old Zhang's experience, this is a typical accumulation preparing for a breakout. As long as the key support at $3300 holds, sprinting to $3500 is the immediate goal!
The technicals are currently very healthy, but don't forget the short-term risks - just like last month's retreat after failing to break a key level, reminding us not to be greedy and to take some profits.
Tycoon Viewpoint: The probability of a surge is high, stability must be prioritized!
Combining warm news and strong technicals, Old Zhang predicts: The chance of ETH reaching or even stabilizing at $3500 before the end of this month is about 60-70%!
Why the confidence? The ecological foundation is solid (DeFi, L2 gaining momentum), and the rebound energy is abundant, reminiscent of the early stages of a bull market.
Historical Experience: This 'deep V + golden cross' structure in the chart shows that the probability of a breakout is often high based on past performance at key positions.
Core risk point: Just two words - unexpected! Regulatory black swan (like delays on the US ETF), sudden drops from BTC dad, hackers causing major issues... these could lead to 'the cooked duck flying away'.
Playing with coins is like using soldiers; you must see the direction clearly and charge boldly, while also keeping a backup plan to guard against black swans. Be confident, but also be prepared!
$3400 is the frontline! Want to know if ETH can break through and conquer the $3500 high? Follow along, and the tycoon will guide you to track market pulses and accurately ambush key points!
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