Star Brother's Analysis of Today's Market
ETH is currently in a range-bound fluctuation. The price is close to the resistance level of 3660, but the upward momentum is weakening, and trading volume is declining, indicating insufficient breakthrough power. The short-term moving averages are trending upwards, and three consecutive bullish candles show signs of reversal, but a break above 3660 is needed for confirmation.
The external environment is neutral, with emotions neither overly pessimistic nor optimistic. Mixed news is observed, with no significant changes in the US dollar index and government bond yields, lacking clear drivers.
Long positions are suggested around 3580-3600, with a stop loss at 3540 and a target of 3660-3700. Pay close attention to the performance of support and resistance levels.
If anyone feels confused due to market fluctuations and doesn’t know how to deal with trapped situations, or feels misled during their operations, follow Star Brother Bamboo Leaf, and feel free to communicate!
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