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Wednesday ETH Jing Yi's Analysis of the Thought Process
In the early morning, ETH broke through 2398 and then slightly retreated, stopping at 2370 and consolidating sideways with strong support below. The current fluctuation is a technical correction after a rapid rise, and the bullish trend remains intact.
From a technical structure perspective, 2350-2370 has shifted from resistance to support, with the early morning pullback confirming the support. The daily chart maintains an oscillating upward trend, with highs and lows rising in sync; volume increases during upward movement, decreases during pullbacks, indicating insufficient selling pressure and a continued upward consolidation trend.
Trading suggestions:
If ETH does not break below the 2370 support, the bullish trend continues. A pullback to 2350 can be used to enter long positions, and if it stabilizes, target 2400-2490. Overall, maintain a strategy of buying on dips #WCTC交易王PK