There was a significant rebound on the ETH daily chart yesterday.
The price rebounded strongly from the lowest point around 2340, hit the highest around 2440, and finally closed around 2415.
Currently, the main pressure above is located near the MA30 moving average, while below, after multiple tests, a relatively solid support level has been formed near 2320. If the price falls back near this support level again, you may want to consider going long at a relatively low point.
Observing the four-hour chart, we find that the upper pressure is near the MA200 moving average, while the lower support is near the MA14 moving average. It is worth noting that at this time, the MACD indicator shows that the bullish power is increasing and a golden cross has been formed, further confirming the short-term upward trend.
For short-term operations, we recommend that investors actively intervene in long positions when the price pulls back to around the 2358-2320 range. The rebound target can be initially set around 2420-2450.
In addition, from the midline perspective, if the price pulls back to around 2265, it is also a long opportunity worthy of attention. Once involved, the rebound target can be set at a higher level near 2430-2490.
Facing the violent bull market that will follow, Sicong plans to ambush some tokens that are ready to explode and benefit, and at the same time find some potential coins to get to the end of the year. Friends who like spot 👉 search for the main business to get the latest strategies and detailed points!