4.26 Saturday Afternoon Ethereum Latest Market Analysis
Last midnight provided a long position strategy, with two attempts touching around the 1810 line early in the morning, showing strong bullish momentum. We have successfully positioned long and are currently consolidating around 1790. We will maintain a long strategy in the afternoon.
Ethereum's 4-hour chart shows a small series of upward rebounds, re-touching the upper range around 1850. This level coincides with the upper Bollinger Band, which was not broken in one go after being touched yesterday. Pay attention to whether a breakout can be completed today; if it can stabilize above the breakout, the upward trend will continue. The short-term rhythm may involve back-and-forth movements, with a consolidation pattern that retraces step by step. Currently, the 4-hour chart is temporarily relying on the middle band as a defensive point for buying on dips. A breakdown would indicate an adjustment.
Saturday Afternoon Suggestion:
Buy Ethereum in the 1750-1780 range, with a target of 1850.
