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
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
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