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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
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8.9 Afternoon Analysis (Two Cakes)
Looking back at the morning, Erbing continued the strong performance from yesterday's breakout in the shipping situation. After successfully standing above the key level of 4000 last night, it continued to rise, reaching a peak of 4215 at noon today, showing a step-wise climbing trend with significant release of momentum.
From the hourly Bollinger Bands, the current three lines show a synchronized upward tilt, forming a clear upward channel, indicating that the trend remains in a strong extension phase in the short term.
The price continues to break above the resistance level, reflecting that the current bullish momentum is dominant. The market continues to push Dian Wei out of the usual oscillation range, showing significant short-term strength. The sentiment in the market is active, and there are no clear signs of momentum exhaustion yet.
Therefore, the two cakes can be arranged near the 4120-4080 range.
The target is around the 4220-4280 range.
Self-equipped with bamboo shoots, do not carry the basket.
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