ETH Morning Thoughts:



From the market perspective, ETH completed a bottoming process near 1940 and quickly rebounded. The 15-minute MACD showed a golden cross, and the price re-established above the MA5 and MA10 moving averages, indicating a clear short-term bullish momentum recovery.

Trading Suggestions:

Confirm Support on Pullback: Watch for a pullback to the 1980-1985 range. If it stabilizes without breaking below, consider a light position to follow the long side.

Upper Target: First focus on the short-term resistance at 2010-2020. If a volume breakout occurs, look for further gains.

Core Logic:
The current price is in the lower-middle part of the previous consolidation zone. After bottoming and rebounding, the bulls need to repair momentum, but overall, it has not yet exited the consolidation pattern. Therefore, the strategy should focus on light long positions with strict stop-losses.
ETH0.54%
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