Is Ethereum's Surge Coming to an End?
Ethereum's current price is 2568, and while the fluctuating upward trend looks lively, don't rush to celebrate!
The KDJ indicator is stuttering at a high level, and the RSI has also touched the ceiling of the strong zone—this overbought pressure is like an inflated balloon; how much more room for growth is there? A short-term pullback might be knocking at the door!
The mid-term is even more concerning! The MA240 and the upper Bollinger Band are tightly pressing down, and the long-term moving averages MA200 and MA240 are still drooping, clearly indicating a lack of market confidence! This reversal script is so dramatic that even the director wouldn't dare to write it!
What to do? Lightly enter the market! When the price retraces to the 2450 mid-level or the MA200 support level, don't be the one quietly sneaking in. If it really rises to the MA240 or MA280 resistance levels, you must run! The patterns of three rising soldiers and bullish engulfing indeed look like a bull flag, but once a doji appears, be careful; the trend can change faster than flipping a book!
The Bollinger Bands are tightening like a clenched fist, just waiting for that breakthrough! The MACD's DIF line has just climbed above the zero axis, and the green bars are just appearing; how high can this rebound go? The long-term moving averages are still stuck, and a trend reversal? Let's wait a bit longer! The KDJ's J value is already overbought; it would be a ghost if there were no fluctuations in the short term! Although the RSI is swaying in the strong zone, is there enough momentum left? Let's see if this volatility can be strong!
Stuck and thinking of bottom fishing? Still the same advice, if you feel lost and helpless not knowing what to do, just follow me. I share top trading strategies daily; guessing is not as good as following!
