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Latest Technical Analysis of ETH: Significant breakthrough imminent, targeting 4500!
From a technical analysis perspective, ETH has effectively broken through the daily descending channel, with strong bullish momentum. The next key target is aimed at $4500!
On the short term, the price is currently approaching the previous high resistance area of $4380, and is expected to first retrace to confirm the trendline support.
Our strategy is: to wait for a pullback to the upper trend line before gradually placing long positions. If the price unexpectedly falls back inside the original descending channel, we will decisively cut losses and strictly adhere to risk control discipline.
At 10 PM tonight, Powell is about to give a speech, and there is uncertainty in the market. However, we believe that the crypto market may have already priced in most of the anticipated negative news, and the selling pressure is relatively limited. Once the news is released, we do not rule out a rebound after the "bad news has been fully priced in."
On the operation side: We plan to place buy orders near the support area to capture potential buying opportunities from panic selling. Target: 4500 #Token of Love广场打CALL赢门票# #加密市场反弹#