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Yesterday evening, ETH surged sharply from 3100 to 3400, skyrocketing by 300 points and catching people off guard. Afterwards, the price consolidated and is now fluctuating around 3300.
From a technical standpoint, on the 4-hour chart, the price pulled back to the moving average and found key support. If the price holds steady, you can chase longs. The Bollinger Bands are expanding upward in all three tracks, indicating that bullish sentiment is recovering. The MACD indicator is above the zero axis and turning upward, with volume bars continuously increasing. You can buy on pullbacks during the day!
Trading suggestion: Go long around 3250-3280, target around 3350-3400.