Last night, Ethereum's four-hour chart showed a good performance. After successfully breaking through a key resistance level and stabilizing during the pullback phase, the support at this level is quite solid.



From a technical indicator perspective, the moving averages have formed a golden cross, and the Bollinger Bands are continuously expanding upward. Especially, the trading volume is increasing along with the price, indicating a strong bullish momentum overall.

From a trading standpoint, consider entering long positions in the 2920-2950 range, with a stop loss set at 2880. If the price can hold steady, the target levels above are 3040 and 3150, with the final resistance around 3270. This market trend still has room for imagination.
ETH1.01%
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quietly_stakingvip
· 8h ago
The golden cross with increased volume is indeed a reliable combination; entering long at 2920 is not a loss.
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DeFi_Dad_Jokesvip
· 8h ago
It's another golden cross with the Bollinger Bands, and a bullish momentum—heard it so many times, haha.
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BlockchainBrokenPromisevip
· 8h ago
Golden cross and Bollinger Bands, I've heard this explanation too many times, and in the end, it still ends up crashing completely. Let's see if it can stabilize first; it's a bit early to draw conclusions now. That 2950 level is real, but I don't dare to go all-in. I'll wait for confirmation before acting.
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NotSatoshivip
· 8h ago
Looks like it's about to take off again, with a golden cross and increased volume. I’m familiar with this combination.
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TheMemefathervip
· 8h ago
Golden cross + increased volume, this move is quite interesting. Let's see if it can hold above 2920.
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GasFeeTearsvip
· 8h ago
Golden cross with increased volume, this signal is still reliable; it all depends on whether it can break 3040.
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