#ETH市场新动向
Ethereum Price Analysis:
Despite facing significant volatility on Monday, Ethereum saw a slight increase, reaching a high of 3547 during the day before dropping to the current level. This increase marked a nearly 6% rise for Ethereum, representing a significant rebound after breaking through an eight-month downtrend.
Recent market data shows an increase of nearly 10% over the past week and a 39% increase over the past month, as buyers aim to consolidate above the key level of 3500 and strive to reach 4000 and set a new all-time high. Old Li believes that in the ongoing bull market, Ethereum could break through 4800.
Last week, it opened with a 4.37% increase. However, on Tuesday, it dropped again, falling over 3% to 3109. Bearish sentiment persisted on Wednesday, with a 1.25% drop after a failed rebound, closing at 3070. Supported strongly at 3000, it rebounded on Thursday, soaring 9.44% to close at 3360. Despite the rebound on Thursday, it faced significant volatility on Friday, falling back into a loss, down 0.96% to 3328. On Saturday, buyers returned, and Ethereum surged to an intraday high of 3502, but then lost momentum and retreated to 3396. However, on Sunday, it fell again to an intraday low of 3288, then rose back to 3362, with a decline of just over 1%.
Volatility increased on Monday, reaching a peak of 3547 during the day, then dropping to a low of 3415, ultimately closing at 3415, breaking through the resistance level of 3400 and closing at 3415. In the current trading session, Ethereum has risen slightly, as both buyers and sellers aim to take control of the situation. RSI and MACD indicate bullish sentiment.
However, if sellers push the price back below 3200, it could be bearish down to 3000.
On the other hand, breaking through 3500 could lead directly to 4000.
Although there has been selling activity in the market today, the overall trend remains bullish, and no strong signals of a trend reversal have emerged. Buying on dips remains the most stable strategy at the moment, initiating from three points.
If anyone feels lost due to market fluctuations and doesn't know how to deal with being stuck, or feels misled during the trading process, feel free to reach out!
I am Old Li.