What kind of awkward period is Ethereum in.


Although I don't want to admit it, based on the daily chart structure, Ethereum is already mainly bullish.
The support of the middle band of the Bollinger on the daily chart is effective, so it will test the upper band again.
On the 4-hour chart, after hitting 2464 last time, RSI formed a bearish divergence, but there was no divergence in the price increase.
Therefore, breaking through the 2464 price again to form a divergence in price is also a good shorting opportunity.
On the 15-minute chart, a bottom pattern was formed at 11:30 this morning, followed by a nice stretch, and no divergence appeared at the corresponding level afterward, so the possibility of the price rising again is also high.
Operational summary: if you are a predictive trader, you can go long near 2320, with the first target around 2350.
If momentum continues and breaks through to around 2380, you can take some profits.
Further targets are 2420 and even the previous high of 2464.
Stop loss at 2280.
If you are a reactive trader, wait for the appearance of divergence and double divergence in the indicators before making a decision.
ETH1.64%
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