Can ETH's price still rise now?
How has the recent trend been?
Recently, ETH has been rising, like an elevator going up:
July 16: was still at 3137 U
Noon on July 18: peaked at 3674 U
Currently slightly correcting, but the overall trend is still upward!
Note: The market is quite active now, with many buyers, and the trend is leaning towards "rising".
Don't understand technical indicators? Let me translate for you:
MACD is strong: indicates that "bulls" are dominating, with more buyers than sellers.
RSI is relatively high: it's risen a bit aggressively, and it might take a breather in the short term.
The moving averages are in a bullish arrangement: it's like all traffic lights are green, and the market is pushing forward.
The market is relatively strong, and there is still potential for short-term increases.
But don't chase highs and cut losses; steady low buying + reasonable stop-losses are key to surviving in the long run.
If you want to buy the dip, wait and see, don't act impulsively.
If you really want to position yourself, you can try a small amount.
