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10.20 ETH Evening Analysis: After a pullback and accumulation, the long positions pattern continues.
Focusing on the ETH 4-hour market in the evening, the trend logic is clear: after recording two consecutive bullish candles, the price has entered a brief pullback accumulation phase, which is not a trend reversal but a momentum consolidation before further bullish advances. The current price has firmly settled above the upper Bollinger Band, and the three Bollinger Band lines are synchronously opening upward, with the "horn" pattern gradually becoming clear, clearly signaling bullish expansion.
The indicators also provide strong support: the MACD double lines continue to diverge upwards, with the red energy bars steadily increasing above the 0 axis, and the trading volume and price increase are in high resonance, showing no signs of divergence, which is enough to prove that the current market is completely dominated by long positions, and the upward momentum is still effectively continuing.
In terms of operations, you can rely on the support after the pullback to lay out long positions. It is recommended to enter the market when the price is in the 4000-4030 range to seize the opportunity for the continuation of long positions. It is important to note that if the price remains above 4000, you can further expect upward space; however, if it unexpectedly falls below this support, you need to be cautious about short-term pullback risks.
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