ETH

Technical aspects:

1. The monthly line has achieved positive engulfment, and the bullish pattern remains intact

2. Due to the positive news of Ethereum ETF, it is facing technical repair after a short-term surge. Last week, it basically maintained a narrow range of fluctuations at a high level, and there were no many reference signals in the weekly K-line

3. In the daily line, the price is always supported by the lower track of the channel and moves upward along the middle track of the BOLL band. Driven by the recent rise of BTC, yesterday's price fluctuations and trading volume have increased. At present, it is subject to the pressure of the middle track of the channel (near 3900). This position determines whether the bullish space can be further opened

4. The price has maintained fluctuations at a high level for nearly 2 weeks. In the historical trend, the sideways trend experience time between 8-16 days often ushered in a change. Market saying: The longer the horizontal line, the higher the vertical line. Whether the current consolidation means the accumulation of bullish power is something that needs to be paid attention to later.

5. With the gradual rise of the short-term price low, the price is expected to form a fluctuating upward trend.

Trading strategy

Long order: Long in batches around 3800-3820, stop loss 3750, target 3900-3950 (intraday long order)

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