Dear friends, I looked closely at the chart. The ETH 4-hour candlestick has a lot of information. Opened at 3038, closed at 3111, an increase of 2.4%, with an amplitude of nearly 3.7%, a typical strong fluctuation. The key lies in the moving averages: MA7 is 3032.78, MA30 is 3039.34, and the current price is firmly above both lines, with the short-term line showing signs of crossing above the long-term line, which is a standard early signal of a bullish arrangement, indicating that the trend structure is healthy. The trading volume also matches, at 638,000, which is an increase compared to the 5-day average volume, indicating that capital is following in.

But seasoned traders understand that there is no market that only goes up without going down. The area around 3135 is clearly a short-term high point; the price touched it briefly before coming down, leaving an upper shadow, indicating selling pressure at this level. The risk of chasing high in the short term is significant, as entering here can easily lead to buying in the middle of a short-term rise.

Brother Jun's view is very clear: the trend is bullish, but operations need to emphasize rhythm. This wave has pulled up from 3020, and it hasn't experienced a proper pullback yet; rushing in directly is not cost-effective in terms of risk-reward ratio. Next, I judge that it is highly probable that it will retest to confirm support. The strong support zone is around 3050-3080, which is the previous platform and also near the MA7 moving average. A prudent approach is to patiently wait for the price to return to this range before considering a phased light position, and the stop-loss can be set below 3020. If aggressive brothers insist on acting now, they must do so with a small position and tighten the stop-loss, such as placing it below 3090, and they must acknowledge if they make a mistake.

In short, during a bull market, there are often long shadows; when the trend is there, there is no need to panic. However, the cryptocurrency market is highly volatile, so be sure to use money you can afford to lose and set proper stop-losses as a lifeline. Waiting for a better price is often more reassuring than chasing highs.

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