This wave of bullish trend "has" (bulls say "only") run halfway. The large swing trading from eth 1775 to 2725 has been completed, with a rise of about 930 points. If it adjusts 0.382, the pullback could reach around 2370 (this can only be realized after breaking below 2444). This is the starting point of the recent rise (it was mentioned that after breaking 2380-2444, there was no strong resistance for a 300-point space, it's smooth sailing), which is the strongest support in the short-term. If the price reaches here, it will be the buy the dip point. After the adjustment, the next move will be to swing trade from 2770 to 4036, running for about 4 weeks. As long as it stabilizes above 2660 in the short term, it will head towards the 3-4k direction.


From yesterday to today, it has been in a 12-hour adjustment cycle. Currently, the 4-hour downtrend momentum is weakening, and it will undergo another 6-8 hour adjustment. If it stops falling, the adjustment within the daily line will end.
3, 5-day and weekly indicators are healthy, and the medium-term trend remains bullish. Only a fall below 2110 would turn it bearish.
ETH1.63%
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