ETH Market Analysis🚩
Yesterday, ETH significantly rose on the daily chart, climbing from a low of 3030 to a high of 3390, and ultimately closing around 3355. Currently, ETH is facing resistance at 3450, while support lies at the MA14 moving average. If the price retraces to this area, it may be a good opportunity to buy on dips.
On the four-hour chart, MA7 serves as short-term support, also suitable for a pullback to enter long positions. The MACD indicator shows increasing bullish strength and has formed a golden cross, suggesting that the market may continue to rise.
