Recently, ETH has ushered in a key rebound phase. After the price dipped to a short-term low of 3050, it bounced off the bottom, which coincidentally fell at the lower Bollinger Band position, forming a typical technical support signal.
From the 4-hour level, after the price rebounded from the lower Bollinger Band area, it is currently trading between the middle and lower bands of the Bollinger Bands. The band opening is narrowing, suggesting that the short-term market is likely to enter a consolidation phase. The volume performance is also releasing positive signals. After the previous volume contraction and pullback, the market is beginning to gently increase volume on the upside, and selling pressure has been effectively absorbed. Therefore, in the subsequent market, we can look to buy on pullbacks!
ETH pullback to around 3080-3030, looking up to 3150-3230. $ETH #今日你看涨还是看跌？
Recently, ETH has ushered in a key rebound phase. After the price dipped to a short-term low of 3050, it bounced off the bottom, which coincidentally fell at the lower Bollinger Band position, forming a typical technical support signal.
From the 4-hour level, after the price rebounded from the lower Bollinger Band area, it is currently trading between the middle and lower bands of the Bollinger Bands. The band opening is narrowing, suggesting that the short-term market is likely to enter a consolidation phase. The volume performance is also releasing positive signals. After the previous volume contraction and pullback, the market is beginning to gently increase volume on the upside, and selling pressure has been effectively absorbed. Therefore, in the subsequent market, we can look to buy on pullbacks!
ETH pullback to around 3080-3030, looking up to 3150-3230. $ETH #今日你看涨还是看跌？