ETH is currently showing relatively strong bullish momentum overall, but there is very strong resistance at the 3235 level. On the 12h timeframe, there are subtle signs of overbought conditions starting to appear. Therefore, you can base your trend-following trades on whether this level is decisively broken. Only a breakout and consolidation above 3240 can further open up the upside channel. Similarly, if this level holds as resistance, any pullback could be a significant intraday correction. So, pay close attention to the actual breakout at this level, and beware of false breakouts. If there is a breakout and consolidation, consider following the trend with low long positions; if the resistance holds and the level does not break, go short from higher positions. Both approaches offer a potential range of 30-380 points.
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ETH is currently showing relatively strong bullish momentum overall, but there is very strong resistance at the 3235 level. On the 12h timeframe, there are subtle signs of overbought conditions starting to appear. Therefore, you can base your trend-following trades on whether this level is decisively broken. Only a breakout and consolidation above 3240 can further open up the upside channel. Similarly, if this level holds as resistance, any pullback could be a significant intraday correction. So, pay close attention to the actual breakout at this level, and beware of false breakouts. If there is a breakout and consolidation, consider following the trend with low long positions; if the resistance holds and the level does not break, go short from higher positions. Both approaches offer a potential range of 30-380 points.
#加密市场回暖