In the previous analysis, we mentioned that ETH may rise to a new high this year in the near future. ETH began to fall after reaching a high of $2,137 on November 10, just one step away from the previous high of $2,142 during the year. Judging from the market, ETH's market trend from November 10 to the present is in the relay stage of rising. Some current data show that ETH may be ready to start a short-term rally again, targeting a new high this year.

Recently, the price of ETH has continuously stepped back on the upward trend line and gained support, confirming the validity of this line. After adjusting back from the high dead cross to the zero axis, the 1-hour MACD indicator has once again formed a golden cross and intends to launch an attack upwards. In addition, the OBV indicator also shows an upward trend simultaneously, which is a bull signal.

According to our previous plan, if we opened a long position at $1910, we can take profit at any time above $2142; if we are willing to take a little more risk, we can take profit at $2200.

If you don't have long orders at the moment, you can take a small position to capitalize on the final rising market. You can open a position directly at the market price of $2,055, with a stop loss price of $2,030. If the price reaches above $2,150, you can take profits at any time.

It should be emphasized that this is only a short-term long opportunity. We expect that the market may turn around at any time after rising above $2,142, or may be beaten back after touching the red line, which is $2,200, and then the market will enter a consolidation stage at the daily level.