🔥8.16 ETH Market Analysis | How to Position at Key Levels? 🔍 Recently, ETH has been fluctuating around 4454, which is both a support and resistance exchange zone, and is also constrained by the trendline of the falling wedge channel. The Bull vs Bear Battle is evident~
📈 The technical analysis reveals an interesting bullish pattern. If the pattern fully develops, the theoretical target is around 4744! But everything depends on whether the key level can break through~ 💡Operational idea: 1️⃣ If it stands firmly above 4454, consider a light position to try going long (defend at 4418), target 4526/4629. If it breaks above and falls below 4454, pay attention to the support in the 4399-4372 area. 3️⃣ If it reaches around 4744, you can pay attention to the pullback opportunity (defending 4794) 🌟Tip: - A breakthrough at a key position requires matching volume. - It is recommended to control positions by allocating in batches. - It's important to have good stop-loss protection~
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🔥8.16 ETH Market Analysis | How to Position at Key Levels? 🔍 Recently, ETH has been fluctuating around 4454, which is both a support and resistance exchange zone, and is also constrained by the trendline of the falling wedge channel. The Bull vs Bear Battle is evident~
📈 The technical analysis reveals an interesting bullish pattern. If the pattern fully develops, the theoretical target is around 4744! But everything depends on whether the key level can break through~
💡Operational idea:
1️⃣ If it stands firmly above 4454, consider a light position to try going long (defend at 4418), target 4526/4629.
If it breaks above and falls below 4454, pay attention to the support in the 4399-4372 area.
3️⃣ If it reaches around 4744, you can pay attention to the pullback opportunity (defending 4794)
🌟Tip:
- A breakthrough at a key position requires matching volume.
- It is recommended to control positions by allocating in batches.
- It's important to have good stop-loss protection~