$ETH

ETH Market Analysis

Brothers, ETH has been strong recently and found support at the 38.2% Fibonacci retracement level (3017). This is a super positive signal! Currently, the 20-day moving average (2977) is rising, and the RSI is almost just right. The bulls are clearly taking the initiative.

Key point analysis

Upward potential: If the price breaks through 3228, ETH may test the downward trend line again. Although this position may be a "hard bone", once the bulls conquer it, ETH is expected to go straight to 3900!

Downside risk: If the price falls back and falls below the 20-day moving average (2977), it may mean that the bulls can no longer hold on, and the market is likely to slide to 2890, or even touch the 50-day moving average (2763).

Technical highlights

Solid support: Stabilizing at the key Fibonacci support level shows that the market still has confidence in ETH.

Bulls are in favor: RSI shows strong buying power. As long as the current support is maintained, bulls still have room to pull up further.

ETH is now at a critical juncture. Whether it can break through 3228 determines whether it will fly or rest. The strategy is very clear: chase the breakthrough, absorb the callback, hold the point and don't be impulsive. I hope we can make a big profit together! 🚀