ETH Midday Observation

From a technical perspective, the current ETH price shows a weakening of the pullback momentum. The 4-hour K-line shows that the volume of the price gradually shrinks during the pullback process, indicating that the short-side selling pressure is obviously insufficient. In the Bollinger Band indicator, the price is gradually approaching the middle track, and the middle track shows a gentle upward trend, and the support strength is initially apparent. The RSI indicator rebounded from the oversold range to around 50, the momentum is biased towards the bulls, and the overall technical pattern is biased towards the positive.

Operational ideas: Considering that the ETH pullback is limited, if the price stabilizes around 3620, or the current position shows a clear stop signal, it is a good opportunity to go long. After entering the market, the first target can be 3670, which is both a short-term pressure level and a key node for the conversion of long and short forces; if it can successfully stand at 3670, the bulls' confidence is expected to be further boosted, and the target can be moved up to 3790. If it falls below 3600, the plan will be adjusted. #ETH🔥🔥🔥🔥🔥🔥