Market Insights From the 1-hour K-line perspective, although ETH has tested lower multiple times, the key support level remains solid and has not formed an effective breakdown. The current trend can be interpreted as "exchanging time for space," with the price building a platform to accumulate new upward momentum. Technical indicators support this judgment: the lower Bollinger Band has formed a strong defense, while the bearish forces are showing signs of fatigue, and momentum is shifting.
[Trading Strategy] Overall, we tend to believe that the pullback is an opportunity to position long orders.
· Strategy: Buy on dips · Ideal entry range: 3,930 - 3,880 · First target level: 4,160 · Second target: 4,230
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ETH Morning Depth Strategy (10.16 Thursday )
Market Insights
From the 1-hour K-line perspective, although ETH has tested lower multiple times, the key support level remains solid and has not formed an effective breakdown. The current trend can be interpreted as "exchanging time for space," with the price building a platform to accumulate new upward momentum. Technical indicators support this judgment: the lower Bollinger Band has formed a strong defense, while the bearish forces are showing signs of fatigue, and momentum is shifting.
[Trading Strategy]
Overall, we tend to believe that the pullback is an opportunity to position long orders.
· Strategy: Buy on dips
· Ideal entry range: 3,930 - 3,880
· First target level: 4,160
· Second target: 4,230