Yesterday, the market performed well, with the price of Ethereum starting at 4150 USD and climbing all the way to 4330 USD, bringing investors a considerable profit of 180 points. The daily chart shows the price fluctuating between 4160 and 4331 USD, and the divergence trend of market makers has not yet ended, indicating that there may still be another pump opportunity.



From a technical perspective, the bullish pattern remains solid. The upper Bollinger Band around $4190 provides strong support. However, a clear top divergence has appeared on the four-hour chart, indicating that the market may face a short-term adjustment. Currently, the resistance level above is at $4370, while the support level is at $4150, and in extreme cases, it may drop to around $4000.

In terms of trading strategy, it is recommended to focus on going long on pullbacks, with short positions only as a supplementary measure. Specifically, opportunities to go long can be sought in the range of $4150 to $4100, with the primary target set at $4300; if broken, $4450 can be anticipated.

It is worth noting that the market has recently been influenced by multiple factors. The Federal Reserve's attitude towards Bitcoin reserves and changes in related policies may have a significant impact on the cryptocurrency market. Investors should closely monitor these macro factors while also incorporating technical analysis to make prudent investment decisions.
ETH3.13%
BTC2.39%
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TokenTherapistvip
· 08-10 23:49
Long positions trend steadily!
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TokenVelocityvip
· 08-10 23:42
Today is explosive, Cut Loss, right?
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SilentObservervip
· 08-10 23:28
I'm just going to lick the screen and watch this bull run.
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