In the afternoon, Brother Long will share some thoughts on ETH that everyone can refer to.

First, looking at the MACD, there has already been a golden cross on the 4-hour chart, and the histogram is still surging upward, indicating that the momentum for a short-term rebound is getting stronger and stronger.

Next, looking at the RSI, it has reached 68.71 on the 30-minute chart, which is not far from being overbought, but on the daily chart, it is still around the middle position, about 53, so there is actually still a lot of room to move upward. There’s no need to worry too much that short-term overbought conditions will mean no market activity.

So, Brother Long's thought in the afternoon is very clear: primarily to go long at lower prices. When the price pulls back to the range of 3500 to 3470, we can directly enter long positions. The initial target is around 3560 to 3620; if it can break through smoothly, then we can look up towards 3700.

However, it must be reminded that the market is unpredictable, and no one can say what unexpected events will happen in the next second, so when trading, be sure to set stop losses, manage risks well, and not get too carried away. #ETH