Brothers,
The bullish outlook for Ethereum has been validated again. Today, I reminded everyone multiple times that the market is gradually stabilizing at lower levels, and the future trend will revolve around a range of fluctuations. In the afternoon, the price of the coin surged again, confirming our strategic logic. The lowest point for Ethereum in the afternoon was around 2502, and the key support level at the bottom stabilized again. We closely followed the rhythm and positioned long positions for Ethereum around 2504, waiting to take profits when it reaches 2562. We secured a solid profit of 58 points from the long positions, as taking profits is the hard truth. The market rhythm has always been well grasped, and recently the strategy has been accurate, achieving great success in real trading. It is actually not difficult to realize profit-taking and flipping the account.
The daily chart for Ethereum shows a rebound from the bottom. Although the upward space is not large, the upward trend remains good. This wave of upward fluctuations is completely within expectations. Currently, the daily chart is showing a small bullish candle moving upward. Previously, I publicly analyzed the correction cycle for two trading days, and indeed, Friday welcomed a wave of surge, making the market quite favorable. The 4-hour chart shows a rebound from the bottom, with continuous bullish candles breaking through the middle Bollinger band and reaching near the upper band. The bullish momentum is strong, and there is still a demand for a breakout in the short term. Currently, the coin price is slightly stagnant near the upper band, but there hasn't been a deep pullback. The current pullbacks are all normal adjustments. Tonight, we will continue to watch for the coin price to gather momentum before making another push higher.
Tinkering alone will never lead to opportunity. Follow me closely, and I will take you to dig into tenfold potential coins! Holding top-tier first market resources!
