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#ETH The current price of ETH is fluctuating around 1816.42.
In the short term, there is upward momentum in the market, despite the overall high volatility. Bullish momentum is evident, especially with the support of the EMA indicator, indicating certain upward strength. Additionally, the MACD indicator confirms the market's upward trend, with the golden cross pattern and the growth of the histogram both suggesting that prices may continue to rise in the short term.
Suggestion: Consider buying on dips and pay attention to the potential breakout of the 1857 resistance level. If this resistance level can be effectively broken and the upward trend is stabilized, it may open up further upside potential.
Trading Strategy Recommendations:
Long stop loss point: 1744 (breaks important recent low support, confirming short-term trend reversal) Long take profit point: near 1857
Short selling stop loss point: 1860 (Effective breakthrough of previous high point indicates continuation of upward trend)
#ETH