Recently, discussions about ETH have not diminished. Let's delve into the current market trends.



Currently, we are in the third wave of the ETH price increase. Looking back at the previous two waves, we can clearly see the development trajectory of the market.

The first wave of the increase started around 1400. At that time, the price touched the lower band of the monthly Bollinger Bands but did not accelerate downwards, which indicated a possible rebound to the middle band of the monthly line near 2750. Sure enough, the market then rose to the expected target.

The second wave of the rise started from 2200. The key to this market trend lies in the transition between bullish and bearish within a 5-day cycle. We observed that the middle track of the 5-day Bollinger Bands shifted from a death cross to a golden cross, indicating the rise of bullish forces. Ultimately, the price broke through the 3800 barrier.

Currently, we are experiencing the third wave of the rise. After breaking through the upper edge of the previous channel, it shows a typical pattern of retracement without breaking down and continues to push upward. According to the intersection of the Fibonacci 1.68 multiplier and the upper resistance line of the equal cycle speed, we can lock the target level of this wave at around 5850.

It is worth noting that the market trends change rapidly, and investors should closely monitor market movements and manage risks appropriately. How the future market will unfold, let us wait and see.
ETH8.43%
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TokenDustCollectorvip
· 6h ago
Just buy it~
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digital_archaeologistvip
· 13h ago
Just do it.
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DefiEngineerJackvip
· 15h ago
*sigh* standard ta without quantitative backtesting... ngmi
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StablecoinArbitrageurvip
· 08-10 06:40
*adjusts virtual glasses* your fib confluence lacks order flow analysis... typical retail oversight
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GasSavingMastervip
· 08-10 06:32
Sure, a rise that is almost guaranteed!
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WhaleSurfervip
· 08-10 06:24
Believe it! Copy trading, go!
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