Ethereum Consolidates Without Pullback, Only Higher to Come
When everyone thought the second largest would remain stagnant, it still managed to catch a breath, pushing up to historical highs. Here, I just want to say that breaking the high is just around the corner.
From a technical perspective, the four-hour chart still shows an upward trend, but the consolidation sentiment is quite strong. The trading volume needs to gather further strength, but from the perspective of the operating channel, there is a vast space above, just needing more time to release.
On the one-hour level, the price maintains an upward area consolidation, and there has been no pullback during the rise, but instead, it is stabilizing. Short selling volume release is hindered; although it is arranged, there is no significant movement.
Today's strategy is to go long from a low position and watch for a breakout of the consolidation.
