ETH market analysis on September 23, early layout, the bear market lasted for half a year, and the Ethereum bull market came late.

Ethereum fell from the highest of 4000 to the lowest of more than 2100 after half a year, which is equivalent to a bear market that lasted for half a year. Now it has finally ushered in the highlight moment of Ethereum. Many people have always said that Ethereum is just a copycat coin before. As long as it stands above 3000, it will continue to rise in the future.

Last week, it was also said that a 50 basis point interest rate cut is a big rise, and it is a sustained big rise, with a relatively strong and long cycle, because the three-day line and five-day line technical indicators are all bullish, so at least it can be seen that October is also bullish. At most, it is currently above 3000, and Bitcoin is around 70,000.

The ETH trend chart is shown in Figure 1: At present, the trend chart of Ethereum is upward. The trend of the market can be clearly seen in the chart, so the trend tonight is to continue to be bullish. If the current point of the decline is around 2240, the support below is near 2240, so it is the best position to go long near this position, first look at the upper 2730.

ETH 4-hour technical indicators are shown in Figure 2: MACD moves upward in the bottom back structure, KDJ looks up and other technologies are relatively unified and bullish, so tonight the general direction is bullish and combined with the trend chart to go long on dips, and then look at the lower support level near 2655, combined with the trend chart 2730, then you can go long in this range.

ETH evening strategy: go long near 2640-2650, target 2710, and pin near 2730. Detailed suggestions are quickly followed.