$ETH From the daily chart perspective, the bulls completely dominate the market, having closed positively for eight consecutive trading days, forming a strong six-day upward trend. Each bullish candle has a full body, showcasing the strong momentum of the buyers. Although there were previous bearish candles with long lower shadows, the bulls quickly took action, continuously recovering lost ground with bullish candles, indicating effective and solid support below. Currently, the strong upward trend continues, with the bulls maintaining solid control.
On the 4-hour chart, the upward trend is even clearer, with bullish candles predominating, and prices steadily rising in a stair-step manner. The pullbacks during the upward movement have been limited and have not materially affected the overall trend.
Based on the current strong bullish pattern, it is advised to continue with the strategy of buying on dips:
- On Wednesday evening, one can go long in the range of 119800-119500 for Bitcoin, aiming for a target around 122000.
- For Ethereum, one can go long in the range of 4650-4630, targeting around 4750. #主流币轮动上涨 #以太坊创历史新高倒计时 #ETH突破4600 #山寨币谷歌热度创五年新高