$ETH Trend Analysis: The bullish trend is obvious, and long orders are arranged at lows!
Ethereum is currently priced at 3420. The descending triangle on the 15-minute K-line we mentioned before seems to be a trick to lure shorts. The K-line has been lingering at the EMA30 neckline for a long time, but it just doesn't break.
Looking at the daily K-line, although the double top situation broke the previous high, the bulls still held the cards firmly when they stepped back to the neckline. The EMA15 trend support is at 3170, MACD continues to increase in volume, the upper rail of the Bollinger band is 3580, and the middle rail supports 3120.
Overall, the general trend is still box-shaped oscillation, but the bullish thinking remains unchanged. Since the trend is long, all the short indicators should be regarded as inducements to shorts, find support points, arrange long orders, set stop losses, leave in time if you are wrong, and hold to see new highs if you are right.
The four-hour K-line is also, after stepping back to the EMA30 support point of 3300, it stands firmly on it. MACD shrinks and increases chips, Bollinger Bands shrink, the first pressure level of the middle track is 3360, the pressure level of the upper track is 3450, and the support level of the lower track is 3275. The overall trend is still bullish, especially after the shrinkage, the chips begin to concentrate, and the main funds are also flowing in. So our idea is to follow the upward trend and follow the trend.
Remember, the market is not 100%, you must set a good stop loss, and small losses and big profits are our goal.
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