10.13$ETH Silk Road
# Market Analysis
After initially dipping to a low of 2407.00, the market rebounded and recovered. The price rose from the lows and moved above the lower Bollinger Band, while the Bollinger Bands began turning upward. The MACD DIF crossed above DEA to form a golden cross, red bars continued expanding, bearish momentum weakened, and the short-term trend entered a low-level rebound pattern. Resistance above is at 2534.26, with support around 2450.
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## Bullish Strategy (Long)
✅Long rationale: After establishing a low at 2407, the market reversed upward, with consecutive bullish candlesticks driving a rebound. The Bollinger Bands began turning upward after trending lower, while the MACD golden cross and gradually expanding red bars indicated that bearish forces were weakening, resulting in a technical rebound.
Entry: Pull back to around 2440
Stop loss: 2400
First target: 2490-2510 range
Second target: 2533-2553.

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