Brothers, a new week has begun. Did you rest well over the weekend?
Are you ready to welcome the new market trends?
Last night, $ETH first surged to around 2560, encountered resistance, and fell back, temporarily dropping to 2490, but quickly made a V-shaped recovery and is currently stable above 2545. The bulls are quite resilient!
The 4-hour chart has regained the MA7 moving average, and the MACD green bars are shortening, indicating that the adjustment may be nearing its end. The hourly upward trend line remains intact, with the rebound accompanied by moderate volume, favoring the bulls.
What’s the next move?
If it remains above 2550, it will challenge the 2580-2620 resistance zone again, and a breakout would open up upward space. If Bitcoin stabilizes and rebounds, ETH is likely to follow suit.
The suggested strategy is to focus on buying low, paying attention to the 2500-2520 support area. If it unexpectedly drops below the previous low of 2480, further correction risks should be watched out for.
In the new week, keep a close eye on key points and respond flexibly!
