Let's talk about the rhythm of Ethereum:
From the 8-hour chart, ETH has been oscillating in the 4200–4500 range for the past two weeks.
Repeated dips to 4200 being strongly pulled back indicate that the buying pressure here is solid, establishing a short-term iron bottom.
As long as 4200 holds, we can continue to look higher, with subsequent hopes of testing the 4500 resistance.
Trading idea: #非农就业数据来袭
Place long orders near 4240 with stop-loss below 4200.
The initial target is to watch for a breakout at 4450, which would then continue to challenge the 4500–4540 range.
4200 has already been validated by the market as a key support of a triple bottom, combined with the trend of institutional fund inflows, the probability of ETH launching an attack towards the 5000 USD mark in the future is considerable.
Short-term fluctuations actually provide a good opportunity to set up long positions.
If you want to follow real-time strategies and key levels, remember to pay attention to @crypto阿苏
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