#Whale Movement From last night to this morning, $ETH has shown a steady pump, climbing from the 4128 area, reaching a high of 4234 points, and then experiencing a pullback as expected. It is currently consolidating near the 4200 round number.
From a larger time frame perspective, the price of Ethereum has successfully broken through the previous important resistance level, and during the pullback test, it confirmed the validity of the newly formed support. The overall market structure shows a quite robust trend.
In terms of technical indicators, the short-term moving average has formed a bullish golden cross pattern, and the Bollinger Bands indicator shows a clear expansion trend. More importantly, the trading volume has increased concurrently with the price rise, and these technical factors collectively confirm the sustainability of the current bullish pattern.
Trading Advice: Investors may consider looking for entry opportunities in the support range of 4080-4120 to establish long positions, with the upward target range set between 4200-4350.
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MergeConflict
· 15h ago
bullish The platter is really fragrant
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MEVHunterX
· 15h ago
Let's break the previous high again and I've done Margin Replenishment.
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MetaLord420
· 15h ago
Those who dare to go all in are tough characters.
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UnluckyValidator
· 15h ago
Hold my coin tightly and don't let go.
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ContractExplorer
· 15h ago
Breaking through the resistance level is just that strong.
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AirdropBlackHole
· 15h ago
What's there to brag about with such a small rise?
#Whale Movement From last night to this morning, $ETH has shown a steady pump, climbing from the 4128 area, reaching a high of 4234 points, and then experiencing a pullback as expected. It is currently consolidating near the 4200 round number.
From a larger time frame perspective, the price of Ethereum has successfully broken through the previous important resistance level, and during the pullback test, it confirmed the validity of the newly formed support. The overall market structure shows a quite robust trend.
In terms of technical indicators, the short-term moving average has formed a bullish golden cross pattern, and the Bollinger Bands indicator shows a clear expansion trend. More importantly, the trading volume has increased concurrently with the price rise, and these technical factors collectively confirm the sustainability of the current bullish pattern.
Trading Advice: Investors may consider looking for entry opportunities in the support range of 4080-4120 to establish long positions, with the upward target range set between 4200-4350.