Analysis of Auntie's Thoughts on the Early Morning of the 20th
From the 1-hour level analysis, Ethereum is currently in a wedge consolidation structure, with the current price operating between the middle and upper bands of the Bollinger Bands, indicating a strong short-term momentum. However, this pattern usually signifies that after the convergence of trend lines, there will be a breakout with increased volume, and it is expected that there will still be a drop towards larger level support in the future. The current price is approaching the upper band pressure area. Although the MACD indicator shows positive values releasing bullish signals, caution is still needed for the risk of a pullback.
It is recommended for Auntie to buy on a pullback to around 4130-4100, aiming for targets around 4200-4300. If it breaks, continue to look up (aggressive traders can buy at the current price)
