$ETH is 'holding back a big move'? The technical aspect flashes 3 major signals for a surge!

Now, on the 4-hour chart, two oscillation ranges have formed. Although the second range is smaller than the previous one, when combined with the larger cycle's consolidation structure, this could very likely be a signal of a small-level transition to a large-level. The current price is stuck at the key level of 2800 USD. Once it breaks through and stabilizes, the bulls are likely to explode the bears directly, targeting above 3200 USD!

There are two core technical aspects:

First, it is currently at the second buy confirmation point, which is a typical continuation pattern of an upward trend;

Second, the indicators have shown a bottom divergence, indicating that the downward momentum is quickly exhausting.

The operation is simple: as long as it doesn’t drop below 2800, spot can be bought in batches, and for contracts, just long at this position, with a stop loss set 3% below the range. This surge might be the main rising wave at the weekly level, with 2800 being both the dividing line for bulls and bears and the dense cost area for the main force. After breaking through, an acceleration in the market is very likely.

Direction will be chosen within this week; keep a close eye on the trading volume. A breakout with increased volume will be a strong buying signal!

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Let’s speak clearly, there are many opportunities in a bull market, but it is also an elimination race; surviving is the most important! Now is still a good time to pay attention to Xin Jie and get on board.