10.27 afternoon ETH thought process



On Monday morning, ETH synchronized with the market and surged strongly, climbing from the low of 4053 to reach a high of 4253 around noon before taking a pause, with sufficient upward momentum.
The four-hour chart shows that the market follows the overall trend, regaining upward momentum after a short-term pullback. The moving averages across various timeframes present a clear upward trend, with a complete bullish arrangement. The trading volume has increased simultaneously, pushing prices higher, demonstrating a significant effect of volume-price linkage. In the one-hour chart, the market experienced a slight pullback after reaching a high but has not deviated from the upward channel. The short-term consolidation falls within the category of a strong pullback and does not alter the overall positive rhythm.
The afternoon operation focuses on the strength of the pullback, mainly adopting a low ETH approach, looking for opportunities to enter in the 4120-4150 range, with the target aimed at the 4300 level. #ETH链上活动升温
ETH-5,42%
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