9.4 Early Morning Ethereum Analysis
Ethereum experienced a rapid rise of over a hundred points in the evening, and although there has been a slight pullback in the short term, the strength of the pullback is clearly insufficient. The price has stabilized around 4460 and is consolidating in a range, with the overall strong trend remaining intact.
Combined with the recent continuous influx of funds into the Hong Kong stock market, Ethereum has become one of the key assets for absorption, which not only drives an increase in on-chain activity but also enhances market confidence in the medium-term trend. Coupled with the overall strong atmosphere of the broader market, the active inflow of funds indicates that the main players are still positioning themselves, increasing the likelihood of a continued bullish trend.
Operational Suggestion:
Focus on the support level in the range of 4440-4400 to buy on dips, with the first target at 4520-4550. If there is a breakout with increased volume, further upward movement towards 4600 can be anticipated.
