ETH Market Analysis🚩

Ethereum experienced a strong rebound from a low of 3215 to a high of 3465 on the daily chart yesterday, ultimately closing around 3420, receiving support from the MA60 moving average, providing an entry opportunity for bulls. The resistance above is at 3475; if broken, it may further look towards the MA14 moving average. The MACD indicator shows that bearish strength is weakening.

On the four-hour chart, the MA7 moving average provides short-term support; if it falls below, it may test the MA360 yearly moving average. For short-term trading, it is recommended to buy on dips around 3307; if the price falls below 3270 and rebounds to around 3300, consider closing the position at an opportune time.