$ETH Big Pie stabilizes the sea god needle, ETH charges ahead
This morning ETH’s high reached 2708, and now it has pulled back to 2666, up 3.45% for the day. Many people watch the surge and then the pullback and panic—don’t be急. The logic behind this move has nothing to do with ETH itself.
Big Pie has already broken above the 50-week moving average, around 78,700. If it can hold this level for the weekly close, that will be a confirmation signal that a new bull cycle has started. Historically, Big Pie has broken below this line seven times and then regained it; five times it marked the start of a bull market. As long as Big Pie breaks through 82,500–83,000, the next target will be 88,000.
Once Big Pie goes to 88,000, and ETH is still at over 2,600—do you think that’s reasonable?
Trading approach:
Right now don’t chase at 2666. The 2708 above is short-term resistance just probed. If it can’t break through, expect more consolidation. On the pullback and stabilization around 2640–2650, enter a small long position. First targets are 2700–2750; if it breaks through, look at 2800. Big capital is all waiting for Big Pie to firmly stand on the weekly line. Once confirmed, Second Pie’s catch-up rally space will definitely not be small. Don’t get shaken out of your car before the move really starts.
The market won’t wait. If you want to follow the live-trading rhythm first, just come to Steel Fortress to find me.
This morning ETH’s high reached 2708, and now it has pulled back to 2666, up 3.45% for the day. Many people watch the surge and then the pullback and panic—don’t be急. The logic behind this move has nothing to do with ETH itself.
Big Pie has already broken above the 50-week moving average, around 78,700. If it can hold this level for the weekly close, that will be a confirmation signal that a new bull cycle has started. Historically, Big Pie has broken below this line seven times and then regained it; five times it marked the start of a bull market. As long as Big Pie breaks through 82,500–83,000, the next target will be 88,000.
Once Big Pie goes to 88,000, and ETH is still at over 2,600—do you think that’s reasonable?
Trading approach:
Right now don’t chase at 2666. The 2708 above is short-term resistance just probed. If it can’t break through, expect more consolidation. On the pullback and stabilization around 2640–2650, enter a small long position. First targets are 2700–2750; if it breaks through, look at 2800. Big capital is all waiting for Big Pie to firmly stand on the weekly line. Once confirmed, Second Pie’s catch-up rally space will definitely not be small. Don’t get shaken out of your car before the move really starts.
The market won’t wait. If you want to follow the live-trading rhythm first, just come to Steel Fortress to find me.
