9.4 Daily Evening Analysis of Ethereum Market by Chen Shu
After Ethereum surged higher last night, it entered a period of consolidation and range-bound movement; the short-term outlook faced some pressure and pullback.
However, the bullish structure of the larger timeframe remains intact. This retracement is only a short-term shakeout to build momentum and has not changed the upward trend.
In the overnight session, price fluctuations increased.
Trading Suggestions
｜2495-2475 Consider longs
｜2450 Support level
｜2500-2520 Target zone
#ETH
After Ethereum surged higher last night, it entered a period of consolidation and range-bound movement; the short-term outlook faced some pressure and pullback.
However, the bullish structure of the larger timeframe remains intact. This retracement is only a short-term shakeout to build momentum and has not changed the upward trend.
In the overnight session, price fluctuations increased.
Trading Suggestions
｜2495-2475 Consider longs
｜2450 Support level
｜2500-2520 Target zone
#ETH
