Ethereum has been quite stable these days. Last night it dropped to a low of 1778, but it bounced back. During the day, it was fluctuating within a range, and then suddenly surged, reaching a high of 1857, but it couldn't hold and fell back down. Looking at the 4-hour chart, the price is slowly descending like going down stairs, but each time it hits the middle band of the Bollinger Bands, it can't drop further, indicating strong support at this level. The MACD indicator is still above the zero line, and the overall trend remains bullish.
Switching to the 1-hour chart makes it even clearer; the price bounced back after hitting the lower band of the Bollinger Bands and has formed two consecutive bullish candles. The KDJ indicator has also crossed upwards, and the recent lows are getting higher. It seems that the pullback is nearly complete, and the bulls are likely to take a breather before continuing to push upwards.
So today's trading strategy is very simple: look for opportunities to buy on the dips.
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