Currently, the ETH market is in a range-bound oscillation pattern. The technical indicators show that although the moving average system is in a bullish arrangement accompanied by a golden cross, indicating enhanced market momentum, the shrinking Trading Volume and Overbought signals have created a divergence between price and volume, suggesting that the upward momentum may be insufficient. Additionally, the engulfing pattern serves as a bullish reversal signal, indicating the possibility of price attempting to break through the resistance level of 3968, but caution should be taken with respect to pullback risks. #币圈#
ETH Trading Suggestions: 3910±10🈳, targets are at your discretion, strict defense is advised. For reference only, subject to the market conditions!