Comprehensive interpretation of ETH market in October
1. Monthly market
1) ETH monthly line closed well. We talked about it in the live broadcast yesterday. If it is below 2490, there is a high probability of plundering 2100 eg, but it is currently closed at 2600, so the probability of plundering 2100 downward is very low.
2) At present, ETH can be said to be in a state of shock recovery after a pin liquidation.
It is recommended to buy on dips and look forward to a breakthrough and stabilization of 2800.
2. Daily chart
Currently, ETH is still in the 2800-2100 shock zone
It is currently in a shock rise, and we still pay attention to the buying opportunity of the retracement, near 2500 and 2350 ob
Hourly chart
1) In terms of hourly structure, ETH is still in a shock rise
Here, it has already tested the H4 bullish ob. If it does not break here, then continue to look up. Look at the test of 2800.
If H4 bullish ob falls below, the callback is confirmed, pay attention to the buying opportunities when it falls back to 2450 and 2350
