📣 Ethereum long position successfully took profit and exited. Market pullback can continue to consider going long!



Yesterday, two consecutive long positions took profit and exited. Although there was a minor hiccup in between with US stocks opening lower and affecting trend pullback, we adjusted in time and the long positions eventually exited perfectly!

From Ethereum 4-hour chart technical analysis:

Price and Bollinger Bands:

Current price: 2170.01, up +25.87 (+1.21%) from previous value. Bollinger Band parameters: MID=2116.74, UP=2200.52, LOW=2032.96. Price is above the middle band and below the upper band, showing a relatively strong range with short-term bulls in control. However, proximity to the upper band warrants caution on pullback pressure.

MACD Indicator:

DIF=4.55, DEA=-3.63, MACD histogram value=16.37 (red). Signal: DIF crossed above DEA forming a bullish crossover, with histogram positive and gradually expanding, indicating short-term bullish momentum is strengthening with uptrend bias.

KDJ Indicator:

K=72.73, D=67.03, J=84.12. Signal: All three lines are in the strong zone above 50. J value approaches 80, showing signs of entering overbought territory. Need to watch for pullback risk after a short-term spike.

RSI Indicator:

RSI6=65.16, RSI12=58.30, RSI24=53.53. Signal: Short-term RSI(6) is approaching the 70 overbought threshold. Medium-term RSI(12, 24) remains in neutral-to-bullish range, indicating current upward momentum is mainly short-term driven with medium-term trend not yet completely overheated.

Short-term trend: Bulls in control, price rising supported by Bollinger middle band, MACD bullish crossover confirms bounce trend.

Risk points: RSI6 near overbought, KDJ J value elevated. If price touches Bollinger upper band (2200.52), technical pullback may occur.

Key price levels:

Upper resistance: 2200.52 (Bollinger upper band), previous high 2385.78

Lower support: 2116.74 (Bollinger middle band), previous low 2032.96

Ethereum trading recommendations:

Suggested Ethereum long entry around 2140, target levels 2170-2200. If trend breaks above 2200, continue holding long position with target 2230. Stop loss at 2100.

Strategy has time-sensitive value. Strategy implementation is primarily through free guidance! $BTC $ETH #加密市场回涨 #美国提出15项条件和谈方案 #预测市场正在影响BTC走势? #以太坊L2叙事再升级 #Polymarket开始押注国际事件
ETH2,18%
BTC2,56%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin