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[Wai Ge Market Analysis | Ether Strategy for the Afternoon of 10.23]
Today's opinion from Wai Ge is very direct - bullish on Ether in the short term, the main upward phase isn't over yet, but don't chase the highs, wait for a pullback to enter.
From the trend perspective, Ether has strongly rebounded from 3706 to 3878, with MA7 crossing above MA25 forming a short-term bullish pattern, and MACD golden cross expanding, indicating that bullish sentiment remains dominant.
However, the RSI has been hovering at a high level, indicating that there is significant resistance above. It is highly likely that the market will first consolidate before continuing to push upwards.
Operational Approach:
The support range is looking at 3820–3800, dip buying on pullbacks;
If it falls below 3770, then temporarily observe.
The upper pressure is at 3910–3980, and a breakthrough would directly aim for the 4000 mark.
The overall rhythm is: steadily accumulate low positions, and don't panic when you see a target.
The rhythm of the market is the most important thing. If you want to learn how to grasp the timing and seek steady victories, come chat with Brother Wai. #ETH反弹在即?