On the daily chart, yesterday closed with a small bullish candlestick, and the price successfully rose above the MA5 moving average. Currently, bullish momentum is gradually accumulating, and the next key resistance is seen at the MA10 moving average at the 4160 level. A breakout will open up further upside potential.
In the 4-hour chart, the price shows a slight rebound trend, with the primary resistance level to reference being around the upper boundary of the previous high near 4180. It is crucial to pay close attention to whether this position can be effectively broken through.
On the 1-hour level, the MA256 moving average (around 4210) forms a strong short-term resistance. If the price can consistently stabilize above this line, it is expected to extend further upward.
🎯Operation Suggestions: You can gradually build long positions in the range of 4060-4090, with targets successively looking at 4150, 4200, and 4300. It is recommended to set the stop loss below 4030.
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[9.29 ETH midday strategy analysis] 📈
On the daily chart, yesterday closed with a small bullish candlestick, and the price successfully rose above the MA5 moving average. Currently, bullish momentum is gradually accumulating, and the next key resistance is seen at the MA10 moving average at the 4160 level. A breakout will open up further upside potential.
In the 4-hour chart, the price shows a slight rebound trend, with the primary resistance level to reference being around the upper boundary of the previous high near 4180. It is crucial to pay close attention to whether this position can be effectively broken through.
On the 1-hour level, the MA256 moving average (around 4210) forms a strong short-term resistance. If the price can consistently stabilize above this line, it is expected to extend further upward.
🎯Operation Suggestions:
You can gradually build long positions in the range of 4060-4090, with targets successively looking at 4150, 4200, and 4300. It is recommended to set the stop loss below 4030.