The price of Ethereum (ETH) has recently shown a positive rise momentum, demonstrating strong rebound energy in the short term. From the hourly level, ETH is currently in a moderate upward trend, with the price breaking through the EMA9/21 moving averages and VWAP. Meanwhile, the DMI indicator has formed a golden cross pattern and the ADX is greater than 20, indicating strong long positions.



On the 4-hour chart, ETH also shows a moderate rise trend, breaking through the EMA9/21 moving averages and VWAP, with the RSI indicator recovering, maintaining the upward trend. This provides a good entry opportunity for long positions.

However, from the perspective of the 12-hour chart, ETH is still in a slight downtrend. Although the price is currently above the pivot point, the DI- in the DMI indicator is still greater than DI+, and ADX is above 20, indicating that the overall downtrend has not yet been completely reversed.

Based on the current market situation, investors may consider the following strategies:

1. Short-term operations can maintain a stop-loss level of 3580, and moderately increase positions during pullbacks, with target prices set at 3840 and 4184. Consider gradually reducing positions during strong rises.

2. The medium-term strategy can wait for a breakout confirmation at 3597.34, with a stop loss set at 3580 and a target price of 3840.

3. In the long term, it is still necessary to remain cautious. Consider going short during rebounds, with a stop-loss at 3700. If it falls below 3500, you may add to your position, with a target price range between 3253 and 3010.

4. Regardless of the strategy employed, strict risk management is essential. Avoid chasing highs and cutting losses; positions should be increased only after the trend is gradually confirmed.

The current ETH market exhibits a complex pattern of short-term rebound and long-term adjustment. Investors need to flexibly adjust their strategies based on their own risk tolerance and investment goals, seizing market opportunities while also being mindful of risk control.
ETH2.99%
ADX2.55%
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Ramen_Until_Richvip
· 08-07 17:06
Isn't it nice to just relax and slack off with this indicator?
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ForumMiningMastervip
· 08-04 17:50
润了啊fren们
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fren_with_benefitsvip
· 08-04 17:50
Bull and horse really love to copy homework, right?
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SerLiquidatedvip
· 08-04 17:46
No one stop me, I'm going all in.
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LowCapGemHuntervip
· 08-04 17:39
all in Full Position干就完了
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ChainSpyvip
· 08-04 17:24
Waiting for the 4,000 mark
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DaisyUnicornvip
· 08-04 17:22
Little eth is like a late-blooming winter chrysanthemum, taking it slow~
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