The MACD red bars on the Ethereum daily chart continue to expand, and the moving averages are in a bullish arrangement. The recent pullback looks more like a "power accumulation washout." The bullish trend has not been shaken at all; this pullback is just an opportunity for the determined to get on board!
The 4300 - 4320 range is a strong support zone for bulls, being both a prior turning point and having technical support from the moving averages turning upwards. Here, going long offers both offensive and defensive options;
The first target is directly set at 4400, and if momentum continues, the second target aims at 4450 - 4480!
