10.23 ETH market analysis and trading strategy

This afternoon, ETH is in a clear bullish rebound cycle. Previously, the price dipped to the key position of the lower Bollinger Band and quickly triggered a strong rebound. The validity of support in that area has been confirmed, becoming the core support for the current market rebound, and the signal for a proactive counterattack by bulls is very clear.

From a technical indicator perspective, short-term momentum is performing well: the KDJ indicator has successfully formed a golden cross pattern, further reinforcing the trend characteristics dominated by bulls; the RSI indicator's three lines are diverging upwards simultaneously, and overall it is in a strong bullish range, indicating that the current upward momentum has sustainability, with relatively low risk of short-term pullback.

Based on market trends and indicator signals, here are the following trading strategy recommendations:

• Long position entry zone: 3860-3880

• Target range: First target 3935, second target 4040

• Risk Warning: If the price falls below the support level of 3840, it is necessary to adjust positions in a timely manner to avoid the risk of a one-sided market reversal.
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