Erb Real-time Market Snapshot


Erb current price 1715.43 oil; in the short term, it maintains a choppy upward consolidation pattern.
Judging from the Bollinger Bands indicator, the price holds above the Bollinger middle band; the channel overall diverges upward. Below, 1693 is the short-term strong support, while the prior high at 1725 forms an upper resistance range.
The prior low at 1678 completed the bottom base. The market continues to oscillate and rise, with the bulls holding a short-term advantage; however, upward momentum is slowing, and the main scenario is narrow-range oscillation.
Short-term trading idea: On a pullback to the middle band support, consider entering long positions at a low level. Don’t chase longs near the prior high resistance; near resistance, consider taking light shorts. Set strict stop-losses throughout to handle spike-like volatility. #ETH
ETH2.10%
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