4.1 Tuesday Afternoon Ethereum Market Analysis and Trading Suggestions
In the morning, a bullish outlook was suggested around 1800, and the price has climbed to 1866, with the trend largely meeting expectations. Those who followed the bullish strategy have already seen over 60 points of upward movement. Currently, the market maintains a strong bullish trend, continuously pushing higher with no signs of slowing down, and further continuation is anticipated.
Ethereum rebounded after hitting a low of 1815 in the morning, showing a gradual upward trend. In the afternoon, it reached a high of 1866, with the candlestick showing consecutive upward movement. Although the bullish candlestick has a long upper shadow, the body has slightly increased and is above previous body levels, indicating that momentum has not diminished. On the hourly chart, a tug-of-war is beginning, with the candlestick forming a hammer. The afternoon still shows a trend of descending from a high position, starting an adjustment and repair phase, but there is still demand for upward movement, leading to a shift in focus towards buying low in the afternoon.
Trading Suggestions: If the price retraces to around 1840 and trading volume increases, consider taking a light long position, aiming for above 1900.
