In recent days, Ethereum has shown stronger performance compared to Bitcoin. From the 4-hour level, Ethereum has exhibited a bottom-rebound trend after precisely retracing to the MA30 moving average.
During the rebound process, trading volume has increased, indicating that market funds are beginning to flow in.
At the same time, the MA30 moving average serves as support, meaning that the downside retracement space is limited. After a short-term adjustment, Ethereum is expected to continue challenging the previous high resistance level of $3550.
Currently, when Ethereum retraces to around the previous low of $3350, it may be a good time to consider increasing spot positions. Seizing the opportunity during intraday pullbacks could provide a favorable entry point.
