7.18 Early Morning Market Analysis
The trend of ETH is similar to Bitcoin, also showing a fluctuating market. However, each drop is being pulled back, indicating that the bulls are still in control. The overall trend remains strong, and pullbacks present buying opportunities.
On the 4-hour level, the price is fluctuating near the middle band, the Bollinger Bands are narrowing, KDJ has formed a golden cross, and MACD shows increasing bullish momentum. The upper resistance to watch is the 3500-3600 area, and a breakout may accelerate the upward movement.
Strategy: Buy on the rebound to 3360-3400, target 3500-3600
