$ETH This asset has been fluctuating recently, with the current price hovering around 3823, stuck between the resistance at 3940.81 and the dynamic moving average support. In simple terms, it had a strong rise earlier, and now it’s taking a breather at a high level.
In the short term, there is a high probability of continuing to oscillate within the range, but we cannot rule out the possibility of a sudden surge upwards. The bulls are currently a bit weak, but the EMA moving averages and the middle band of the Bollinger Bands are supporting it, so the overall trend hasn't deteriorated. If it can break through the 3940.81 level, the upward momentum might continue.
On the contrary, if it breaks below the moving average support, be prepared for a further pullback.
Suggestion: It's best not to make any hasty moves right now; just observe for now. It’s not too late to chase after it breaks through 3940.81. If it breaks below the moving average support, trying a short position with a light position is also fine, but you need to make sure it’s a real break.
For those who are risk-averse, just wait until the trend is clear before taking action.
I’ve already set a point for the next big market movement, ready to help you profit easily with a full position!
