ETH Market Analysis

Current Market Characterization: In an 'Uptrend'.

Core Observations:

1. The price has successfully broken through the critical resistance level of 4217.60, and the moving average system shows a bullish arrangement, forming a highly confirmed bullish resonance signal (high importance).

2. Three consecutive bullish candles further strengthen the market's upward reversal trend (medium importance).

3. The RSI indicator has entered the overbought zone, caution is needed for potential technical pullbacks in the short term (medium importance).

4. Due to limited reference for trading volume data, the continuation of the current trend still requires further observation (medium importance).

Operation Strategy and Core Positions

Strategy One: [Conservative Bullish]

· Ideal Entry Zone: 4050 level (strong support area)

· Stop Loss Setting: 3990 USDT

· Target Area: Around 4215 (previous resistance turned support)

· Logical Basis: The current upward trend is clear, with 4050 as an effective support level, combined with the bullish arrangement of moving averages and the three consecutive bullish reversal signals, providing a high probability opportunity for long positions during pullbacks.

· Invalidity Condition: If the price falls below the 4050 support and continues to decline, it indicates that the current upward momentum is exhausted.

Strategy Two: [Aggressive Bullish]

· Entry Position: Around 4217 (confirmation area after breakout)

· Stop Loss Setting: 4160 USDT

· Target Position: 4350 USDT

· Logical Basis: After the price strongly breaks through the critical resistance of 4217, this level has transformed into important support. Combined with the bullish arrangement of moving averages and candlestick reversal patterns, it provides opportunities for long positions during the confirmation process.

· Invalidity Condition: If the price falls below 4217 and fails to hold 4160, it indicates a failure of the breakout, necessitating decisive exit. #ETH #以太坊