As of 11.29, the current price of ETH is 3038, successfully standing above the middle band of the Bollinger Bands. The short-term trend is neutral to bullish, which is a positive bullish signal indicating that bulls have the upper hand in the short term. The MACD shows a golden cross above the zero axis, but the momentum is very weak. The trading volume from 2800 to 3000 has not been good, indicating that a bullish trend is brewing but has not yet fully taken off. It is necessary to observe whether the MACD histogram can significantly expand to confirm the upward momentum. The KDJ has not entered the overbought or oversold zones and is in a balanced state, leaving room for further directional choices in price. The current pattern suggests that the market is undergoing consolidation, waiting for new catalysts.
Operation Suggestions
Buy long at 3000-3020, stop loss at 2980, take profit targeting 3090-3150. If it breaks 3200, it is recommended to continue holding, targeting 3500.
Short from 3085-3100, stop loss at 3120, target towards 3000-2990. If it breaks below 2960, it is recommended to continue holding, targeting 2850. $ETH
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#ETH Morning Thoughts
As of 11.29, the current price of ETH is 3038, successfully standing above the middle band of the Bollinger Bands. The short-term trend is neutral to bullish, which is a positive bullish signal indicating that bulls have the upper hand in the short term.
The MACD shows a golden cross above the zero axis, but the momentum is very weak. The trading volume from 2800 to 3000 has not been good, indicating that a bullish trend is brewing but has not yet fully taken off. It is necessary to observe whether the MACD histogram can significantly expand to confirm the upward momentum.
The KDJ has not entered the overbought or oversold zones and is in a balanced state, leaving room for further directional choices in price. The current pattern suggests that the market is undergoing consolidation, waiting for new catalysts.
Operation Suggestions
Buy long at 3000-3020, stop loss at 2980, take profit targeting 3090-3150. If it breaks 3200, it is recommended to continue holding, targeting 3500.
Short from 3085-3100, stop loss at 3120, target towards 3000-2990. If it breaks below 2960, it is recommended to continue holding, targeting 2850.
$ETH