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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
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Dare to trade. Dare to win.
This Friday, the Ethereum (ETH ) market showed a stepped rise trend. The 4-hour Candlestick Chart indicates a clear opening of the upper band of the Bollinger Bands, with strong support from the middle band, having withstood multiple tests of downward pressure. Currently, the ETH price is in a consolidating phase, with the potential to challenge the upper band of the Bollinger Bands. If it can break through this key resistance level, it may open up new upward space.
From the moving average indicators, ETH maintains a clear pump trend. Each time it retraces to the middle band of the moving average, it can quickly gain support, indicating that this position has become an important support line for bulls, effectively filtering out short-term market noise.
Comprehensive analysis indicates that the ETH market is likely to continue its upward oscillation in the short term. For investors, it is recommended to keep an eye on buying opportunities during pullbacks to the moving averages. Specific operational suggestions could consider building positions around 3880 dollars, with target price levels focusing on the 3950-4000 dollars range.
However, investors should remain cautious, closely monitor market changes, and implement risk management. The cryptocurrency market is highly volatile, and any investment decision should be based on thorough research and individual risk tolerance.