$ETH Strong return, bull momentum regains dominance
ETH surged strongly tonight from the 3090 level to 3397, with a noticeable increase in strength compared to BTC, entering a high-level consolidation after a short-term surge.
After a quick rise in 15 minutes, the pullback stabilized at the moving average, characteristic of a strong market consolidation; the 4-hour chart has regained the middle Bollinger band, and the MACD momentum continues to expand, indicating a clear restoration of the bullish structure; the daily chart has also shown a second stabilization, continuing the rebound trend. Overall, ETH still maintains a strong oscillation upward, with pullbacks being the main rhythm, and the focus is on buying on dips.
Support: 3260 / 3180
Resistance: 3390 / 3480
Operation suggestions
Steady buying: 3260–3300
Target: 3380, 3450
Chasing: Lightly buy after effectively breaking 3395
Target: 3460
This strong surge in ETH has boosted market sentiment, and the bullish structure is currently intact. As long as it does not drop below the middle band, the probability of a continued rebound is higher. In terms of operation, maintain a focus on buying on dips and treating it with a consolidation mindset, avoiding blind shorts.
