$ETH

From the 1-hour level, the current price shows a clear bullish signal: the yellow 20 moving average and the blue 60 moving average are in a bullish arrangement, with an overall strong trend. Furthermore, the blue 60 moving average is about to cross above the purple 120 moving average, which is usually a strong bullish signal; however, there is currently some resistance, and a slight pullback may occur.

For me personally, I believe now is a good entry point. I would choose my entry point after the first wave of pullback, especially near the 20 moving average (as indicated in the box in the image). As for the stop loss, I would place it below, with either the 60 moving average or the 120 moving average serving as effective support.

From the 4-hour level, although the price still shows a bearish arrangement, it has broken through the 120 moving average and encountered resistance, which aligns with the previous pullback expectation. The moving averages also show signs of turning, indicating a certain reversal trend. However, the 4-hour level has not yet formed a clear bullish signal, and the price may continue to oscillate and consolidate for a while.