Brothers, good morning! I am Zhu Long.
Today, as soon as I opened my eyes, I saw ETH quietly climbing again. The yellow and white lines on the four-hour chart have returned above the 0 axis, and the golden cross is stirring, clearly indicating that the bulls still want to make a move.
But don't rush to go all in; let me take my time to talk to you.
First, let's talk about the current situation:
ETH is still in a bullish pattern on the daily chart; as long as it doesn't break the 3050-3010 range on a pullback, there is still hope for a rebound, with the first target upwards being 3230. If it can break through here, the major pressure at the weekly level is between 3500-3580, and at that time I will consider positioning for a short to catch a wave of correction.
But what if it breaks down?
If today's close breaks 3010, then don't hold on; short-term long positions should be withdrawn. The support below is 2910, and if that breaks, then look at 2800. The market never lacks opportunities; what it lacks is whether you know when to run.
The news is also joining the excitement:
The Federal Reserve might quietly 'loosen' this week; if it really starts buying government bonds and injecting liquidity as some institutions predict, it would be an invisible benefit for the crypto circle. With more funds, where will they go? A part of it is likely to flow into crypto.
How should retail investors play?
If you're holding now, see if 3050-3010 can hold; if it holds, keep watching for 3230.
If you haven't boarded, don't chase high; wait for a pullback to confirm support before entering.
Make sure to set a stop-loss! Don't wait until it breaks down to regret.
The market is like the weather, changing very quickly. I'm not a god, but I use my own system to analyze the market, sharing real opinions and strategies daily in the chat room and village.
If you're tired of being cut and want to learn how to calmly analyze the market and find buying and selling points, why not follow Candle Dragon? I'll help you understand K-lines in plain language and learn risk control through examples.
