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Huazi's Market View on ETH this Morning:
Bullish momentum has strongly returned; a pullback is a buying opportunity at lower levels.
The market has fully rebounded with a broad recovery, driving ETH to surge yesterday. Bulls completely dominated the trend, and bears had no resistance. The current price has slightly pulled back but remains strongly supported, firmly staying above 2300, with the upward structure intact.
A large bullish candle on the daily chart indicates a strong rally, Bollinger Bands are opening upward, and moving averages are arranged in a bullish order. All indicators are improving across the board, confirming a medium-term upward trend. The four-hour upward channel is stable, and a brief pullback is a normal correction after an increase, not a trend reversal. Do not chase longs at high levels; a stabilization during the pullback is a good entry point.
Trading Suggestions:
Buy in stages within the 2300-2250 range, targeting 2400-2450, with a breakout aiming for 2500.