$ETH The early bird catches the worm
Overall, the structure is currently still in a phase of oscillatory adjustment. The previous two bottom tests are gradually forming a solid bottom, laying the groundwork for future upward movement. After gradually completing the transition between the top and bottom, the trend is strongly returning.
On the four-hour line, the oscillatory market remains. This week, the coin price has operated mostly between the upper and lower bands, indicating a clear phase of oscillatory adjustment and accumulation; the warming upward of technical indicators also suggests that the intraday trend will primarily be oscillatory and upward.
On the hourly line, the oscillation is more pronounced. After each wave of highs, there is inevitably a pullback. Accompanied by a reduction in volume, the upward speed is slowing down; in terms of technical indicators, the MACD still shows a divergent upward trend, while the KDJ is relatively flat. In the short term, the trend is slightly in favor of the upward movement.
