Ethereum Market Analysis: Can Bollinger Bands Open Out of a New Trend?

Recently, the Ethereum market has been moving slowly. It has been fluctuating in the small area before. It was not until the ether broke through the upper pressure level in the early morning that it did not get out of the previous shock range. From the 4-hour line, the ethereum line broke through the Bollinger middle rail, and the currency price stood on MA30. Above the moving average, the chips of the main force in the early stage have already fled, and in the short term, they may fluctuate and adjust to form a new range of chips around 354.

From a technical point of view, the Bollinger Channel shows signs of opening, and the bullish momentum of MACD continues to increase. The overall current trend is bullish. Currency holders (btc068068) believe that during the day, they will pay attention to whether Ethereum can stabilize above 350. In the hourly chart, the Ethereum market is at the 50% line, and in the short term there is a certain pressure at the 61.8% line. In the white market, you can first look at the callback and then the rebound.

Token holders (btc068068) ETH operation suggestions:

1. It is recommended to place multiple orders in batches around 352~354, with a target of 357~360.

2. If it falls below 350, you can take advantage of the trend to chase short.