mt logoMyToken
ETH Gas15 Gwei ($1.21)
EN

With the monthly chart closing, bulls and bears are locked in a fierce battle. How can one trade Ethereum for stable returns?

Share
With the monthly chart closing, bulls and bears are locked in a battle. How can Ethereum be traded for stable returns? After recovering from its previous losses during the day, Ethereum has gradually entered a consolidation phase. The small-cycle bullish divergence has been corrected, and the longer the consolidation continues, the greater the potential for a breakout. 【Analysis of Ethereum Price Trend on the 4-Hour Chart】 Candlestick Pattern: The daily chart shows a slight rebound from the October 28th low of 3931 to 3854, but the overall trend remains downward. On the 4-hour chart, after the sharp drop on October 30th, the price is currently showing a fluctuating upward trend, with the high failing to break through the previous resistance level of 3873. Technical Indicators: MACD: The 4-hour MACD histogram is shortening, with both DIF and DEA being negative but close to the zero line, indicating weakening bearish momentum and a potential consolidation or rebound phase. RSI: The RSI14 value is 42.97, far from the overbought zone, indicating a neutral market sentiment with no strong trend signal yet. EMA: EMA7 (3837) has started to turn upwards and is close to the closing price; EMA30 (3933) and EMA120 (4010) remain downward, indicating that the overall trend is still dominated by bears. Ethereum stable profit strategy for the evening of October 31st: It is recommended to enter long positions on Ethereum around 3830-3810, with a target price of 3820-3900. If it breaks above 3900, consider selling some and holding the rest! Real-time strategy free guidance - click on my profile picture to follow my homepage. I hope more people can learn how to make money, see opportunities to make money, and truly earn the profits they want through me! Let's dance with the market makers together!