ETH Market Analysis 🚩

Yesterday, ETH rose from a low of 3885 to a high of 4110 on the daily chart, ultimately closing at 3985. The support below is solid at the MA7 moving average; if it fails to hold, it may drop to the MA14. During pullbacks, opportunities to go long can be found near the support level. The bearish strength of MACD has weakened, indicating a trend towards a golden cross.

On the four-hour chart, the MA14 serves as short-term support, with a potential drop or touch of the MA60. Pullbacks also present a good entry opportunity, as the bullish strength of MACD is increasing, and a golden cross is emerging, signaling an increase in upward momentum.