2024.4.1 #ETH Market Analysis

Chart: (H1 chart)

1) H4 uptrend

2) Let's look at the red range first. Currently, ETH is still oscillating in the discount zone (lower half), so we say that we can continue to look up only after breaking through and stabilizing the range-EQ.

3) Let's look at the blue range again. I have always emphasized to everyone that a pullback to H1 bullish OB is a buying opportunity. Just buy and hold here. At present, the blue range-H must be waiting to be hunted, that is, it is expected to continue to move upward after stabilizing, and look at the red range-H test.

Trading recommendation:

1) Short positions break through and stabilize the blue range-H to go to spot.

2) H1 bullish OB buy and hold.

PS: This article is only a personal opinion, not an investment advice, please be at your own risk. The community morning report is updated twice a day, including market analysis of multiple trading pairs such as#BTC#SOL, welcome to join the community to read.