ETH is about to take off! The technical indicators show that a bull market has been confirmed.
Current price is 2635, which is above the 30-day moving average, indicating that the short-term trend is still strong. The Bollinger Bands show that the price is between the middle and upper bands, and if it breaks 2688, it may continue to rise; however, if it fails to rise, it might retrace to around 2572 to find support.
The RSI is around 56, which is neither too high nor too low, indicating that market sentiment is moderate, not overheated or overly cold. The MACD's DIF is higher than the DEA, suggesting that the short-term is still bullish, but be cautious if the DIF starts to move down, it may struggle to rise further.
In simple terms:
If it breaks 2688, it may continue to rise, targeting 2700-2750. If it falls back below 2572, it may need to adjust to around 2500. Currently, it is not particularly strong nor particularly weak; the short-term may see fluctuations, with the key being whether 2688 can be broken.
Operation advice:
If you want to buy, you can wait for a pullback to around 2570-2617 to see if it can stabilize. If it breaks above 2688, you can enter with a small position, but don’t be too greedy, as there may be strong resistance above 2700. If it falls below 2570, it may continue to drop, so don’t rush to bottom-fish.
In summary, it is not a time of significant rises or falls; the key is to observe how the two positions of 2688 and 2572 behave.
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