Ethereum is currently showing a rapid rebound after a price retracement to the lower Bollinger Band on the four-hour chart last night. The price has strongly broken through the middle line, maintaining a steady short-term trend above 2400. In terms of technical indicators, the MACD double line is glued and flat above the zero axis, while the KDJ three lines extend upwards. The short-term resistance area around 2450 is still present, but according to the current on-chain data, the inflow of funds into the Ethereum ETF has significantly increased. In my personal opinion, there is still potential for a bullish continuation here.
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
Ethereum is currently showing a rapid rebound after a price retracement to the lower Bollinger Band on the four-hour chart last night. The price has strongly broken through the middle line, maintaining a steady short-term trend above 2400. In terms of technical indicators, the MACD double line is glued and flat above the zero axis, while the KDJ three lines extend upwards. The short-term resistance area around 2450 is still present, but according to the current on-chain data, the inflow of funds into the Ethereum ETF has significantly increased. In my personal opinion, there is still potential for a bullish continuation here.
Ether: 2434 up, target 2484, defend 40 points. #BTC# #ETH#