$ETH Daily Market Analysis: Huge Targets and Critical Strategies!
Our reference period is the daily K and 4H charts. Yesterday, $ETH pulled back twice and reached oversold levels. This situation prepared the ground for a reaction rise and we determined the 3250 region as the target.
On the daily K chart, we see that $ETH is rising towards the 3250 region and the indicators are still on the rise. It has not reached the overbought level yet. In this case, you can end short-term buy positions by taking partial profits in the 3250 area.
**Grand Strategy:** If the price encounters resistance in the 3250 area and indicators reach the overbought level, a selling opportunity may arise at this level. The target will again be the 2820 region, which is the lower boundary of the box.
Maximize your profits by paying attention to these critical levels and turn declines into opportunities!