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Ethereum’s technicals are moving in tandem with Bitcoin for reference. The overall trend is the same as Bitcoin, with the daily chart finding support at the middle band. After a period of consolidation and adjustment over the weekend, it has stabilized, so we can expect a rebound and upward movement. The 4-hour Bollinger Bands are starting to contract, and the candlesticks are above the 7-period moving average, so strategies should reference Bitcoin accordingly.
It’s recommended to go long around 3000 and 2970, with an initial target of 3110. If it breaks through, look for 3240.
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