Looking at this wave of ETH行情, the four-hour timeframe shows a very interesting pattern. The Bollinger Bands just opened, and the price tested the upper band upwards before pulling back, but the key point is that the lower moving averages were not broken—ma10 remains intact, and the short- and medium-term moving averages are arranged in order, which suggests that the bullish momentum is still ongoing.
Currently, the price has broken through the upper Bollinger Band, and the moving averages are providing support. The MACD fast and slow lines are above the zero line, although not fully diverging yet, but the golden cross signal has appeared, indicating that the bullish momentum is beginning to emerge. The RSI fast and slow lines are in normal zones, with the fast line trending upward and the slow line also leaning upward, all positive signals.
Switching to the 1-hour chart for clearer insight. The Bollinger Bands have already opened, and the moving averages are maintaining an upward trend. After breaking the upper band, the price retraced, and the MACD fast and slow lines are opening above the zero line, with bullish volume not only generated but also increasing. The most direct sign is the RSI fast and slow lines forming a golden cross upward, with the fast line entering the overbought zone.
Therefore, the conclusion is: this is a retracement during an upward trend. As long as the 15-minute ma10 or the midline are not broken, there is still a chance for another upward move.
Key support levels recently are at 3146, 3126, and 3062; resistance levels are at 3265 and 3297. The trading strategy is: if the price retraces downward but does not break 3146, consider going long; the 3064 level can be used as a re-entry point.
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.
11 Likes
Reward
11
7
Repost
Share
Comment
0/400
SerRugResistant
· 21h ago
Damn it, it's the same story again. Every time they say that as long as MA10 doesn't break, it can keep flying, but what happened?
View OriginalReply0
MEV_Whisperer
· 01-07 06:37
The Bollinger Bands are opening, and the MA10 is still there. This move is indeed quite interesting, and there's still room to grow.
View OriginalReply0
LiquidationHunter
· 01-06 23:40
Damn, another pullback. Can we really hold steady at 3146 this time?
View OriginalReply0
DegenWhisperer
· 01-05 03:47
The Bollinger Bands are opening so clearly, and the MA10 is still holding. It feels like this wave really has a chance.
View OriginalReply0
TokenEconomist
· 01-05 03:46
actually, the overbought RSI reading you're flagging is the key variable here—think of it this way, ceteris paribus, when fast line breaches that zone, mean reversion becomes statistically significant, ngl
Reply0
Degen4Breakfast
· 01-05 03:43
This pattern is indeed good; as long as MA10 holds, it's stable.
View OriginalReply0
MetaEggplant
· 01-05 03:25
Oh my god, this pattern is really awesome. As long as the MA10 doesn't break, I dare to go all-in.
Looking at this wave of ETH行情, the four-hour timeframe shows a very interesting pattern. The Bollinger Bands just opened, and the price tested the upper band upwards before pulling back, but the key point is that the lower moving averages were not broken—ma10 remains intact, and the short- and medium-term moving averages are arranged in order, which suggests that the bullish momentum is still ongoing.
Currently, the price has broken through the upper Bollinger Band, and the moving averages are providing support. The MACD fast and slow lines are above the zero line, although not fully diverging yet, but the golden cross signal has appeared, indicating that the bullish momentum is beginning to emerge. The RSI fast and slow lines are in normal zones, with the fast line trending upward and the slow line also leaning upward, all positive signals.
Switching to the 1-hour chart for clearer insight. The Bollinger Bands have already opened, and the moving averages are maintaining an upward trend. After breaking the upper band, the price retraced, and the MACD fast and slow lines are opening above the zero line, with bullish volume not only generated but also increasing. The most direct sign is the RSI fast and slow lines forming a golden cross upward, with the fast line entering the overbought zone.
Therefore, the conclusion is: this is a retracement during an upward trend. As long as the 15-minute ma10 or the midline are not broken, there is still a chance for another upward move.
Key support levels recently are at 3146, 3126, and 3062; resistance levels are at 3265 and 3297. The trading strategy is: if the price retraces downward but does not break 3146, consider going long; the 3064 level can be used as a re-entry point.