ETH 24H chart technical trend analysis: Yesterday’s market trend, after last Friday and six days of adjustment and Fibonacci 38.2% support, closed a set of bullish morning stars in the upward trend, and the combination continued to bring a long trend , rising from the intraday low of 3422 to the highest of 3665; the current quotation is at 3640, and the consolidation is basically consistent with our expected bull trend in the past few days; the bull pattern at the daily level remains intact: there is no bearish information before the daily level There is a probability of continued strength and a breakthrough of 3665-3680. The next short-term target will be 3800 or even higher. There is no bearish information at the daily level, so in operation, try to maintain a long thinking and avoid short positions!
ETH 4H technical trend analysis: The 4-hour price trend continues to use the operating ideas and views on the 23rd. On the 20th, the price bottomed at 3050 and launched a bull rebound. After breaking through the callback trend line, 3600 was exposed to the positive trend yesterday. There was a short-term support at 3240, indicating that this price may become a low point for a rebound, and it can also be expected to be a second rebound. Step on the action, combined with the MACD downward kinetic energy column, the downward momentum has obviously weakened: you can pay attention to the entry of bulls above 3230; defensively, consider the bullish daily targets below 3050, 3030-3020, respectively, to 3600-3800; the above is the 23rd Since the decline has stopped and the bullish view has been reached, 3600 on the first day has exceeded expectations; continue to use the recently formed upward trend line as the main reference to look for low long opportunities above 3400 during the pullback!
Recommended idea: Look for longs if the shock builds a bottom
Support:3450-3400
