$ETH Is it a rebound or a breakthrough again at the 2400 level?



ETH stays at $2367, approaching the upper band of the 1-hour Bollinger Bands ($2368); the 4-hour MACD has confirmed a golden cross indicating a current bullish trend. Support levels are at $2359-2360 (5-minute chart lows) and $2340-2342 (1-hour chart EMA dense zone); if it breaks below $2340, the bullish setup will be completely negated.
The MACD divergence on the 5-minute chart shows momentum slowing down; a breakthrough requires the 1-hour chart to close above $2376 and be confirmed by volume, so the target can be further moved higher.
Gradually build positions near the EMA dense zone around $2340 to continue the wave trend, aiming to break through the psychological barrier of $2400 and reach higher targets.
ETH-0.64%
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