The crypto assets market has once again attracted the attention of investors, with the price of Ethereum rising to $4200 at one point, demonstrating a strong pump momentum. Although the ETF is facing pressure from capital outflows, the price is still able to rise significantly, which may suggest that some large investors are actively positioning themselves at lower levels.
From a technical analysis perspective, Ethereum has broken through the previous downward channel, and the short-term trend shows an upward momentum. Short-term moving averages like MA5 and MA10 have started to rise; however, medium-term moving averages like MA30 remain stable, indicating that the overall trend is not yet fully clear. The MACD indicator at the daily level shows a golden cross and is developing upwards, which is a positive signal. However, it is worth noting that the momentum at the 2-hour level is somewhat bullish, and investors need to closely monitor its sustainability. The KDJ indicator is currently in a neutral position (value 70); although it has not yet entered the overbought zone, caution is still required for potential high-level fluctuations.
For investors who are interested in participating, it may be advisable to gradually build positions in the range of $4160-$4120, with target price levels to follow in the range of $4220-$4240. However, if the price falls below $4100, it is recommended to adopt a stop-loss strategy to control risks.
The Crypto Assets market is full of opportunities, but it also comes with high risks. Every investor has the potential to achieve substantial returns through wise decisions and continuous learning. However, in this fast-changing market, it is crucial to remain cautious and constantly enhance one's knowledge base. Whether experienced traders or novice investors, everyone should always follow market trends, analyze rationally, manage risks, and take responsibility for their investment decisions.
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The crypto assets market has once again attracted the attention of investors, with the price of Ethereum rising to $4200 at one point, demonstrating a strong pump momentum. Although the ETF is facing pressure from capital outflows, the price is still able to rise significantly, which may suggest that some large investors are actively positioning themselves at lower levels.
From a technical analysis perspective, Ethereum has broken through the previous downward channel, and the short-term trend shows an upward momentum. Short-term moving averages like MA5 and MA10 have started to rise; however, medium-term moving averages like MA30 remain stable, indicating that the overall trend is not yet fully clear. The MACD indicator at the daily level shows a golden cross and is developing upwards, which is a positive signal. However, it is worth noting that the momentum at the 2-hour level is somewhat bullish, and investors need to closely monitor its sustainability. The KDJ indicator is currently in a neutral position (value 70); although it has not yet entered the overbought zone, caution is still required for potential high-level fluctuations.
For investors who are interested in participating, it may be advisable to gradually build positions in the range of $4160-$4120, with target price levels to follow in the range of $4220-$4240. However, if the price falls below $4100, it is recommended to adopt a stop-loss strategy to control risks.
The Crypto Assets market is full of opportunities, but it also comes with high risks. Every investor has the potential to achieve substantial returns through wise decisions and continuous learning. However, in this fast-changing market, it is crucial to remain cautious and constantly enhance one's knowledge base. Whether experienced traders or novice investors, everyone should always follow market trends, analyze rationally, manage risks, and take responsibility for their investment decisions.