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Ethereum (ETH) Today's Outlook
After a short-term pullback to the middle band of the Bollinger at 2302.06, it strongly surged to test the upper Bollinger band at 2310.80. The Bollinger bands are opening upward and continuing to diverge. The price has stabilized above the upper Bollinger band, currently trading strongly around 2313.62. In the short term, the trend has shifted from a low-level stabilization to a strong bullish upward attack.
Funds continue to flow net into the bottom position for bottom fishing, fully releasing the selling pressure. Short-term bullish momentum is strong, and the long-term rebound trend continues. This rally is a strong offensive move led by the bulls.
Trading suggestion: If the price pulls back to stabilize at support between 2310-2306, you can follow the trend to go north.
First target near 2350
Second target near 2380
If the price directly breaks below the middle Bollinger band at 2302 and continues to decline with increased volume, it indicates that short-term bullish sentiment is weakening. You should abandon long positions. After breaking support, a pullback can be taken as a signal to go south.
This open outlook is for reference only. Use stop-loss and take-profit strategies accordingly. $BTC #美国4月CPI上涨3.8% #Micron Technology plunges from high levels