After a rapid rebound following the morning price drop, the daily wave structure is complete, and there is still room for further upward movement. In the evening, it is highly likely to continue the bullish dominant pattern, although the upward pace may slow down. Institutions and giants continue to enter the market to buy the dip, with related asset reserves exceeding 21 billion USD. It is worth noting that large funds are transferring from Bitcoin to Ethereum, providing strong dual support of confidence and capital for the market.
The 2-hour candlestick chart shows a continuous bullish pattern, with lows gradually rising and highs continuously moving up. The MACD red bar momentum is also increasing, indicating a clear short-term bullish trend.
Ethereum trading advice: It is recommended to build long positions in the 4290-4260 range, with the initial target set at 4400. If a successful breakout occurs, it can further rise to the 4500 high.
