The recent surge of Erbing from 2780 to above 3080 is a standard strong upward attack, with consecutive short-term gains. During the pullback, the volume decreased, and then it broke through the new high with increased volume. Currently, it is consolidating around 3060 to 3080, resembling a buildup of strength rather than a peak.
In terms of trend, as long as the pullback does not drop below 3020, the bullish structure remains solid. Although the MACD is at a high level, the momentum is expanding again, and there is no obvious selling pressure in the volume. The chips are leaning towards stability, and there is still room for a continued upward move in the short term.
Art's trading strategy is quite simple. If it pulls back to the range of 3020 to 3040, continue to follow the trend and buy more. If it directly stands above 3085, a small amount can be considered for follow-up, targeting 3120 to 3150. As long as the rhythm above 2990 is maintained, there will be no chaos.
Currently, it is a strong market; it is best to avoid shorting and to take advantage of the pullback space given by the bulls. $ETH
