Market Analysis: 🔥🔥🔥🔥🔥
Yesterday, Ethereum's daily performance was quite impressive, with the price strongly rising from a low of around 2475, reaching a high of around 2615, and finally closing at around 2605, demonstrating a certain bullish strength.
From the key levels, the support below is located around 2545, which is a crucial position. If the price falls below 2545, the next support can be sought around MA30, and investors may consider entering long positions when the price retraces to around MA30. The resistance above is located around MA200, and if it can successfully break through MA200, the price is expected to rise further towards MA360, at which point one can attempt to enter short positions when the price rebounds to around MA360.
In terms of technical indicators, the MACD bears are reducing in volume, indicating that bearish strength is gradually weakening, while bulls are gradually gaining the upper hand.
Switching to the four-hour level, the support below is located around MA120. If the price falls below MA120, attention can be turned to MA14. When the price retraces to around MA14, it can serve as a potential entry point for long positions. The MACD at the four-hour level shows a bullish increasing trend and has formed a golden cross, which is a clear short-term bullish signal, indicating that the price may continue to rise in the short term.
However, market conditions can change rapidly. If you want to seize this round of the cryptocurrency market, learning on the fly is definitely not enough; it's best to have someone guide you quickly. Feel free to follow me, and you will receive the latest cryptocurrency information and trading tips.