The bullish arrangement on the 4-hour chart is very clear, with the lows being gradually raised, and the support zone has held up after being tested multiple times. The price has started a strong upward attack. The increase in short-term fluctuations is a normal manifestation of consolidating power, not a sign of weakening trend. As the trend advances, the probability of a pullback is decreasing; the slight retreat during the day is for digesting profit-taking, preparing for subsequent breakthroughs to new highs.
Trading suggestion: Buy near the 2930—2920 range, with a target initially looking at 3100.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Morning ETH chart analysis:
The bullish arrangement on the 4-hour chart is very clear, with the lows being gradually raised, and the support zone has held up after being tested multiple times.
The price has started a strong upward attack. The increase in short-term fluctuations is a normal manifestation of consolidating power, not a sign of weakening trend. As the trend advances, the probability of a pullback is decreasing; the slight retreat during the day is for digesting profit-taking, preparing for subsequent breakthroughs to new highs.
Trading suggestion: Buy near the 2930—2920 range, with a target initially looking at 3100.