In the article released early this morning, a long position for Ethereum around 2440 was clearly indicated. This morning, the price of the coin rose to our target level of around 2600, successfully reaching the target we provided. I believe those who have been following this should have gained something.

From the daily technical indicators for Ethereum, the KDJ indicator is still in a high-level oscillation phase, while the MACD indicator shows a gradual increase in bullish momentum. Currently, the MA5 and MA10 moving averages are continuously strengthening, and Ethereum is in a green TD3 bullish expansion phase. Meanwhile, Bitcoin is in a green TD1 bullish expansion phase. The MA30 moving average shows a significant strengthening compared to yesterday, and the price has returned to the upper Bollinger Bands area. Overall, from a daily perspective, the suggested trading strategy is to focus on buying on dips.

From the 4-hour technical indicators, the KDJ and MACD indicators are showing a bottom cross upwards. The price in the ultra-short-term Bollinger Bands indicator has stabilized above the MA5 moving average again. In the short term, the MA5 and MA10 moving averages are once again pressing upwards together, while the DIF and DEA indicators are showing an upward trend. The MA3 moving averages are all in a bullish arrangement. I personally expect that the price will likely continue to oscillate upwards during the day, with resistance levels to watch around 2620-2740. If it breaks through and stabilizes in this resistance range, the price will welcome a second upward movement.

Ethereum: Long position around 2540-2510, Stop loss: 2453, Target: 2600-2660

Bitcoin: Long position around 105500-104600, Stop loss: 103500, Target: 107000-108500

The above is my personal market analysis for the afternoon, for your reference only.

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