ETH's recent trend is still quite interesting. The market has been oscillating around 3300, with the short-term moving averages MA5 and MA10 both maintaining an upward arrangement, indicating that the upward trend has not been broken.
From the indicator perspective, RSI remains above 50, showing that the bullish forces are indeed dominant. More importantly, the MACD line has already moved above the signal line, and the distance between the two lines is gradually widening, which usually signals that the bullish momentum is accumulating. However, the J line of KDJ has already touched around 80. Although it hasn't truly entered overbought territory yet, we should keep an eye on whether a pullback might occur later.
Combining these signals, if you want to chase this upward move, you can look for opportunities to go long in the 3290 to 3300 range. Set the stop-loss at 3275; if this level is broken, it indicates that the outlook might need to change. For take-profit, you can set two targets: the first at 3340 and the second at 3360. This approach helps better control the risk-to-reward ratio.
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TrustlessMaximalist
· 18h ago
The 3300 level really keeps tormenting us, but looking at the MACD performance, it does give some ideas.
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GasGuzzler
· 22h ago
3290 going long? I think we should wait a bit more, KDJ is already at 80, and I'm a little uncertain about it.
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DegenWhisperer
· 22h ago
I'm a bit skeptical about the 3300 level. KDJ is almost at 80; do you still dare to chase?
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BridgeJumper
· 22h ago
The 3300 level keeps fluctuating back and forth, feeling like it's just teasing us.
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DecentralizedElder
· 22h ago
The 3300 level is indeed interesting; it feels like there's still room to push further.
ETH's recent trend is still quite interesting. The market has been oscillating around 3300, with the short-term moving averages MA5 and MA10 both maintaining an upward arrangement, indicating that the upward trend has not been broken.
From the indicator perspective, RSI remains above 50, showing that the bullish forces are indeed dominant. More importantly, the MACD line has already moved above the signal line, and the distance between the two lines is gradually widening, which usually signals that the bullish momentum is accumulating. However, the J line of KDJ has already touched around 80. Although it hasn't truly entered overbought territory yet, we should keep an eye on whether a pullback might occur later.
Combining these signals, if you want to chase this upward move, you can look for opportunities to go long in the 3290 to 3300 range. Set the stop-loss at 3275; if this level is broken, it indicates that the outlook might need to change. For take-profit, you can set two targets: the first at 3340 and the second at 3360. This approach helps better control the risk-to-reward ratio.