Latest ETH Market Analysis: 3658 Points, Opportunity is Here!
Recently, ETH has been steadily hovering around 3658, and the overall trend reveals several key signals. Let's briefly discuss: Clear support, limited pullback.
Support around 3650 has been verified multiple times, and the short-term pullback is not significant, indicating that buying pressure remains strong and selling pressure is limited.
Bullish momentum is steadily accumulating.
Recently, ETH's trading volume has aligned with its price, repeatedly testing resistance above, indicating that the market has expectations for future rises, and speculative funds are gradually entering the market.
Short-term resistance levels to watch are 3700-3750.
This range is the key resistance level of recent highs. If it can effectively break through, there is potential for short-term gains to expand.
Position control is very important.
Although the market is good, fluctuations are inevitable. It is recommended not to have too heavy a position, to maintain light positions on long orders, keep a good risk-reward ratio, and manage risk.
To sum it up: ETH is currently in a phase of bottom building and accumulation. Follow the trend, accumulate on dips, and short-term bulls still hold the advantage!
If you want to grasp more precise entry points and position strategies,
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