Recently, the price of Ethereum (ETH) has shown strong performance, reaching a daily high of $3865 and a low of $3645, with a fluctuation of over 200 points. On the technical side, the MACD indicator shows a continuous contraction in the upward trend, with the DIF and DEA lines converging above the zero axis, reflecting the current strong upward trend. The candlestick chart shows that the ETH price has broken through the Bollinger Band's midline at $3690 and is making an upward push towards the upper band at $3931.



From the four-hour level, the so-called 'Magical Nine Turns' pattern has appeared. Although the MACD indicator had previously shown continuous expansion, today's trading volume has not significantly increased. The DIF and DEA lines have not yet broken through the momentum indicators, which may indicate the possibility of a correction in the short term.

Considering the current market situation, investors may pay attention to the potential resistance around the $3900 mark. If the price breaks through $3940, it may continue to rise. For a more robust investment strategy, it is recommended to focus on buying low during the day.

The specific operational suggestions are as follows: look for long opportunities in the range of 3780-3720 USD, with target price set in the range of 3900-3950 USD. If the price can break through this range, the next target price may be 4000 USD.

However, investors should bear in mind that the cryptocurrency market is highly volatile, with high risks accompanying high returns. Before making any investment decisions, it is essential to conduct thorough research and risk assessment. Furthermore, market conditions can change rapidly, so it is advisable to stay updated on the latest developments and adjust strategies in a timely manner.
ETH-0.3%
View Original
post-image
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.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
OptionWhisperervip
· 13h ago
four k charge charge charge
View OriginalReply0
MetaMisfitvip
· 20h ago
Goal 4k, keep charging!
View OriginalReply0
GateUser-c799715cvip
· 08-08 05:21
Is it stable above 4000?
View OriginalReply0
FlatlineTradervip
· 08-07 21:39
Four k is not a dream
View OriginalReply0
New_Ser_Ngmivip
· 08-07 21:36
I'm an old sucker in the crypto world, just asking if there's anyone who has lost more than me.
View OriginalReply0
ThisYearIWentUpThevip
· 08-07 21:25
Quick, enter a position!🚗
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)