Glassnode data shows that as of Thursday, 14.85% of ETH was held in centralized exchange wallets, the lowest since July 2016.
At the 4-hour level, the Bollinger Bands are open, and the K-line is also stabilizing above the lower track, and is expected to break through the middle track! The MACD short energy column is gradually shrinking, and the KDJ three lines form a golden cross upward! At the 1-hour level, the price is close to the position of the MA60 daily moving average, and it has also received a short correction! MACD bulls are weak and cannot rush up to a new high. The KDJ three lines are also in an overbought area! Combined with the main picture, the intraday volatility is still acceptable, which also creates a multi-layer profit space for coin friends. Looking at the overall trend alone, it is still a bullish direction! Intraday corrections and then going long is a main idea!
ETH: Long around 1805-1785 Target: 1815-1835 Risk control: 1765
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