A large bullish candlestick, thousands of troops come to meet. Good morning, brothers. Yesterday, as predicted by the teaching chain, there was an upward breakout, and a bullish candlestick is encouraging. The lower boundary of the box around 115500 has been broken, and currently, the bullish momentum is somewhat waning, with decreasing trading volume. However, the teaching chain believes this is all normal and in line with expectations. From 112000, we have been rising, and brothers have witnessed it. Ethereum has risen from 3350 to 3900, truly a time of good fortune, seeing all the beauty of Chang'an in a day.
Today's strategy from the teaching chain is to continue buying after a pullback. The upper boundary resistance to watch is around 118900, which is also the starting point of last Friday's pullback. The lower support zone is 115500-116000. Ethereum is only a step away from the previous high of 3940. The teaching chain believes that breaking through this level is not a big issue. Currently, the rebound strength is there, so we maintain the mid-term target of 135000 and the long-term target of 150000 unchanged. The mid-term target for Ethereum is 5000, and the long-term target is 6500.
After today's pullback, buy first and then watch for a breakout near 118900. If it doesn't break, you can continue to buy. Ethereum can buy near 116500, adding to the position at 116000 with a target of 118800.
Buy near 3860, add at 3840 with a target of 4000, and strength can reach 4100-4200.
If it does not break above 118900, then you can reverse and sell. Ethereum's resistance is at 4050-4100.
The arrow is on the string and must be released, brothers. The road we came from is also the road to success.