The MACD indicator shows signs of a short-term rebound, indicating that market sentiment is gradually improving and that the market has a positive foundation for future trends.
The short-term EMA formed an upward crossover pattern, further consolidating short-term upward momentum and providing support for continued market activity.
Based on the current technical pattern, subsequent trading strategies can focus on buying on dips:
We recommend placing long positions in the 4450-4480 range, with a stop-loss at 4400 to manage risk.
The target is the 4600-4750 area, and we should monitor any potential breakouts within this range. $ETH