Ethereum Strategy on February 7, 2022, Early Morning
Ethereum continues its upward trend during the day, maintaining a step-like upward structure. Each short-term pullback has not broken key support, and the high points after the rebounds continue to rise, indicating an overall trend still leaning towards bullish dominance.
On the market level, Bitcoin maintains a high-level consolidation without signs of breaking down, providing a relatively stable market environment for ETH. At the same time, mainstream funds continue to tilt towards Ethereum, with increased capital inflow into Ethereum further consolidating its upward foundation.
In terms of operations: Focus on entering long positions during pullbacks in the 3750-3700 range, with a target of 3800-3850, and aggressively look towards around 4000.
