ETH 1h price has been repeatedly suppressed by the middle track. There has not yet been a strong downward structure formed, that is, after the price breaks through the middle track, it has not fallen below the middle track during the pullback.
Currently, the market is in a rebound phase, and it is important to observe whether the middle track continues to maintain strong suppression. If the suppression is effective, the next downward target may point to around 3940.
As for those who want to go long, it is recommended to wait for the price to break through the middle track, and then go long only if it does not break below the middle track during the pullback, specifically in the 4185-4150 area, with targets at 4240, 4305, and 4355.
Currently, the market is in a rebound phase, and it is important to observe whether the middle track continues to maintain strong suppression. If the suppression is effective, the next downward target may point to around 3940.
As for those who want to go long, it is recommended to wait for the price to break through the middle track, and then go long only if it does not break below the middle track during the pullback, specifically in the 4185-4150 area, with targets at 4240, 4305, and 4355.
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ETH
4,288.73
+1.23%
