ETH Morning Outlook



Ethereum in the early hours is moving in tandem with Bitcoin, oscillating and consolidating at high levels, with the trend range gathering strength for a shakeout. The overall bullish structure remains solid, with no signs of trend reversal.

The market is oscillating around the central pivot point, with both bulls and bears in balance. Resistance above at 2390-2410 is causing heavy short-term selling pressure, while the key support below is at 2330-2350.

On the four-hour chart, volume has decreased, with insufficient bearish momentum. Indicators are recovering from lows, and short-term consolidation is expected. The daily uptrend channel remains intact, with moving averages supporting the bulls. Pullbacks are opportunities for low-entry long positions.

Trading strategy:
Buy in batches at 2350-2370

Target:
2400-2450
ETH-0.8%
BTC-0.55%
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