Ethereum is currently trading around $2940, starting from a low of $2886 in the early morning and experiencing a strong rally, reaching a high of $2965, demonstrating clear short-term bullish momentum. The price has not only effectively broken through the previous key resistance zone of $2920-$2930 but has also turned it into a new support level, significantly strengthening the technical structure.
This round of rally was accompanied by a moderate increase in volume. On the hourly chart, the moving average system has formed a standard bullish divergence arrangement. The MACD indicator has generated a bullish crossover above the zero line and continues to expand upward, indicating that upward momentum remains robust. Although there is some profit-taking pressure near $2965, causing a slight pullback, as long as the price can stabilize above the $2930 support area and consolidate, it remains within a healthy trend. If volume increases and the price can break through the $2970-$2980 zone, it will directly open the way to new space above $3000.
In terms of trading strategy, $2920 can be regarded as the short-term key level separating bulls and bears. As long as the pullback does not break below this level, the bullish pattern will continue. #加密市场小幅回暖 $ETH
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Ethereum is currently trading around $2940, starting from a low of $2886 in the early morning and experiencing a strong rally, reaching a high of $2965, demonstrating clear short-term bullish momentum. The price has not only effectively broken through the previous key resistance zone of $2920-$2930 but has also turned it into a new support level, significantly strengthening the technical structure.
This round of rally was accompanied by a moderate increase in volume. On the hourly chart, the moving average system has formed a standard bullish divergence arrangement. The MACD indicator has generated a bullish crossover above the zero line and continues to expand upward, indicating that upward momentum remains robust. Although there is some profit-taking pressure near $2965, causing a slight pullback, as long as the price can stabilize above the $2930 support area and consolidate, it remains within a healthy trend. If volume increases and the price can break through the $2970-$2980 zone, it will directly open the way to new space above $3000.
In terms of trading strategy, $2920 can be regarded as the short-term key level separating bulls and bears. As long as the pullback does not break below this level, the bullish pattern will continue. #加密市场小幅回暖 $ETH