Ethereum king returns? The resistance has stabilized, bulls are gathering, ready to charge!

Brothers, the trend has shifted! Yesterday we were still on the defensive, but today this market is already starting to emit a “delicious” smell.

Today is May 4th, and ETH has firmly risen above 2382. I just flipped through the 1-hour and 4-hour charts three times, and the bullish sentiment has clearly been ignited. For us practical traders, the most favorite type of market is this kind of clear trend “money-making” opportunity!

Why am I so confidently bullish today?

4-hour chart (trend confirmation): ETH just broke through the recent downward resistance line with increased volume, and the retest did not break below. This is a typical “bottoming out completed” signal. The MA50 moving average has already started to turn upward, which in technical terms indicates a “bullish alignment” precursor.

1-hour chart (short-term breakout): Look at that bullish candle just now, which completely engulfed the previous correction bearish candle. The MACD has crossed above the zero line again, indicating that short-term buyers are very eager. With a slight push, the upward space is immediately open.

Market sentiment: Recently, ETF inflow data has started to turn positive, plus the positive expectations from the Pectra upgrade are fermenting. Everyone is waiting for a trigger point. The 2382 level is the rally horn for the bulls!

Brothers, stop hesitating. Opportunities are for decisive people. Let’s go long at market price, set a good stop-loss, and leave the rest to the market!

ETH today’s aggressive long strategy

Direction: Long (BUY)

Entry point (market price): Open position around 2382

First take profit (TP1): 2406

Second take profit (TP2): 2430

Stop loss (SL): 2346