Don't panic about this Ethereum pullback!
Although the daily chart closed with a bearish candle with a lower shadow, this is just a normal technical correction following last week's surge.
The key point: the pullback hasn't damaged the upward trend at all, and it quietly rebounded at the end of the session. The Bollinger Bands are still wide open and moving upwards, indicating a high probability of another surge after consolidation!
Looking at the four-hour chart is even more exciting: the price briefly dipped below the middle line of the Bollinger Bands but quickly stabilized, the KDJ indicator has golden crossed, and the MACD has shown a bullish divergence, suggesting the strength of the bullish rebound is much stronger than expected. The current market is a typical "pause in the upward trend" mode — the major trend is still upwards, but in the short term, there may be some back-and-forth oscillation to shake out weak hands.
The operational advice is very clear:
Maintain a bullish mindset, don’t be too greedy, take profits when it’s time, and be flexible with your positions as larger oscillations may continue.
Remember, this kind of market fears two types of people:
One is the scared ones who cut losses, and the other is those who hold on stubbornly. Smart people know how to trade in waves within the trend, both catching the fish and enjoying the soup.