First, let’s look at the larger time frame. The daily chart has shown two consecutive bullish candles. After breaking through the middle band, the price has held steady with no signs of pulling back. The RSI lines are all moving sharply upward, indicating that bullish momentum is clearly building up. After the MACD golden cross, the uptrend continues, basically confirming this round of upward movement.
Now, looking at the four-hour chart. There are two consecutive bullish candles, and the Bollinger Bands are widening significantly, which means there’s more room to the upside. Although the price is fluctuating at a high level right now, don’t misunderstand—this isn’t a signal for a pullback; rather, it looks like it’s gearing up for the next surge. So, the early market strategy is clear: buy on dips.
How to operate specifically? Consider entering if it pulls back to the 92,100–92,700 range, with an initial target of 93,700. If momentum is strong, it could push up to around 95,000. If it breaks through 95,000, just hold on and wait for even higher levels. $ETH
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
9 Likes
Reward
9
6
Repost
Share
Comment
0/400
BridgeTrustFund
· 13h ago
This move is indeed something; the signal from the Bollinger Bands widening never lies.
View OriginalReply0
liquiditea_sipper
· 13h ago
I need to take another look at the 92100-92700 level; I feel like it could be pushed down a bit more...
View OriginalReply0
VibesOverCharts
· 13h ago
That 92100 level is here again, still feeling a bit nervous.
View OriginalReply0
DefiOldTrickster
· 13h ago
I had already positioned myself at 92100, just waiting for this rally to give me my annualized yield, haha.
View OriginalReply0
SolidityNewbie
· 13h ago
Bro, this analysis is pretty clear, but I don't know if it can really reach 95,000...
View OriginalReply0
GamefiHarvester
· 13h ago
Still bouncing back and forth between 92100-92700. When can it just shoot straight to 95000?
#ETH走势分析 12.4 Bitcoin Trend Breakdown:
First, let’s look at the larger time frame. The daily chart has shown two consecutive bullish candles. After breaking through the middle band, the price has held steady with no signs of pulling back. The RSI lines are all moving sharply upward, indicating that bullish momentum is clearly building up. After the MACD golden cross, the uptrend continues, basically confirming this round of upward movement.
Now, looking at the four-hour chart. There are two consecutive bullish candles, and the Bollinger Bands are widening significantly, which means there’s more room to the upside. Although the price is fluctuating at a high level right now, don’t misunderstand—this isn’t a signal for a pullback; rather, it looks like it’s gearing up for the next surge. So, the early market strategy is clear: buy on dips.
How to operate specifically? Consider entering if it pulls back to the 92,100–92,700 range, with an initial target of 93,700. If momentum is strong, it could push up to around 95,000. If it breaks through 95,000, just hold on and wait for even higher levels. $ETH