📣 Ethereum's pullback is an opportunity to enter the market, and the future trend remains bullish! 📈
Currently, there is no need to panic about the pullback; it is just a normal consolidation based on the current candlestick patterns. Historically, similar trends have occurred where prices rise and then fall back, which is also a normal tactic used by the market makers to clear out retail investors【washing the market】.
Last night, I set up long positions for Ethereum, and I believe many people have seen good returns. Although the entry point was slightly off, it did not affect the profit. I have also received words of thanks, and I would like to express my gratitude for everyone's recognition of the chief advisor. I have previously mentioned that there is still significant upside potential for Ethereum; the pullback gives us an opportunity to enter!
【Analysis of Ethereum's price trend on the four-hour chart】
Candlestick pattern:
Recently, a high point was formed around 3700, followed by a pullback, and the price is currently in a downtrend. The daily candlestick shows a long upper shadow, indicating heavy selling pressure above.
Technical indicators:
BOLL: From the four-hour Bollinger Bands, the price has decreased today, but the upward channel of Ethereum's Bollinger Bands has not changed; it is merely a fluctuation adjustment during the rise.
MACD: The MACD fast and slow lines on the four-hour cycle are diverging downward, and the histogram is negative, indicating an increase in bearish momentum.
RSI: The RSI has fallen from the overbought zone to 45.97, indicating the possibility of further adjustments in the short term.
EMA: The current price is between EMA7 (3669.15) and EMA30 (3619.18). If it breaks below EMA30, it may continue to test lower support levels.
11/2 Evening Ethereum steady profit setup:
It is recommended to enter long positions around 3570-3580, with a take-profit target of 3620-3650. If the trend rebounds and breaks through the four-hour Bollinger Band midline at 3660, you may consider holding on.
If the trend pulls back, it is suggested to add long positions around 3550, targeting 3590-3620!
I specialize in macro predictions for BTC and ETH, precise trading, and seeing opportunities beyond analysis. Taking the first step is the most important. I hope more people can learn to make money through me, see profitable opportunities, and genuinely earn the desired returns! For free strategy guidance, click on the profile picture and follow the homepage introduction. Let's dance with the market makers together!
