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#币安HODLer空投ENSO ETH market analysis - Observations on October 14
Ethereum ( ETH ) is currently clearly showing high correction characteristics on the four-hour chart, the market is appearing a candlestick pattern interspersed between bullish and bearish, the fluctuation range is gradually narrowing. This market characteristic clearly reflects a relatively balanced state between buying and selling forces, both sides are accumulating energy.
From a technical perspective, the trading volume is currently in an accumulation phase, and the market seems to be awaiting a significant breakthrough. Once the volume is effectively released, the price of ETH is likely to surpass the current high resistance level, thereby opening up a new upward trend. Considering the overall market environment, the investment strategy still recommends establishing long positions at lower levels.
Reference trading strategy:
It is possible to consider looking for buying opportunities near important price levels such as 4120, 4080 $BTC
$BNB