The bullish trend of Ethereum is still ongoing. The current trend is just a rebound during the upward correction to build a foundation!

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Yesterday, Ethereum long positions were closed with profits again, and the bullish trend of Ethereum continues! From the four-hour technical indicators, the Bollinger Bands (4-hour) show the price operating above the middle band (1991), with the upper band at 2075 and the lower band at 1908, narrowing bandwidth: volatility is decreasing, and a direction will soon be chosen. The moving average system (EMA) shows short-term EMA (7/14) diverging upward, with the price above the moving averages, indicating a bullish structure that has not broken. The medium-term EMA (30) is flat, with obvious oscillation characteristics. Key: holding above 2000 favors bulls; breaking below 1970 indicates weakening. MACD (4-hour) DIF is above DEA, in a golden cross state, but the red bars are shortening. Signal: upward momentum weakens, entering consolidation and correction, non-trend downward movement. RSI and volume RSI are around 55–60, in a neutral zone, with no overbought or oversold conditions. Volume: decreasing during the correction, which is a healthy pullback during an uptrend.

Core oscillation range: 1970–2080 USDT

Short-term support: 2000, 1970, 1950, 1908

Short-term resistance: 2065–2080, 2100, 2140

4-hour: high-level consolidation, pullback to confirm support. Daily chart: W bottom + MACD/KDJ golden cross + volume increase, bottom reversal signals resonating.

Ethereum trading suggestions:

It is recommended to consider entering long positions around 2000-2020, with target points at 2050-2080-2100. If the price breaks above 2100, continue holding long positions, with a stop loss at 1970!

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