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Hua Zai’s Market Talk: Morning ETH Outlook
With Ethereum overall tracking the broader market’s strength, the bullish trend is clear; for the short term, pullbacks still mainly present opportunities to go long on dips.
Yesterday’s market mood warmed up. Ethereum followed Bitcoin’s rebound and moved upward, with the price action staying relatively strong. At present, it is slightly retracing to repair; the support below is solid, and there is not enough downside momentum.
On the daily chart, the bullish formation is running steadily. The moving averages and Bollinger Bands are all spreading upward. The four-hour upward structure remains intact. This pullback is only a breather during the upswing, and the trend hasn’t changed. Don’t chase the highs—wait for the pullback to stabilize before setting up your positions.
Trading ideas:
Enter long positions in batches within the 2300-2320 range.
Targets are 2380-2400; if it breaks through, continue to look higher.
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