ETH Midday Market Observation

From a technical indicators perspective, the MACD indicator is currently near the zero axis, indicating that the bullish and bearish forces are temporarily balanced, with neither side holding an absolute advantage. The KDJ indicator shows that the three lines are entangled around 50, which also indicates that the market is in a stalemate, with an unclear direction in the short term. However, from an overall trend perspective, ETH has been in an upward channel, and although there have been some minor pullbacks along the way, the overall upward trend has not been broken.

I think in terms of trading, we can consider going long around 3500. The target can initially be set near 3560. This level is a previous minor resistance level, and if the price can break through 3560, it may open up further upward space, potentially moving towards even higher levels. But everyone should be aware that the market is full of uncertainties, and we must ensure proper risk control. If the price unfortunately falls below 3480, we will need to adjust our previous long strategy.

I hope everyone can seize the opportunity in the ETH market and earn satisfactory profits! #ETH走势分析