Ethereum Trading Recommendations



1. Bullish Outlook

· Key Support: $3,091 - $3,150, repeatedly mentioned as a strong support zone. Holding this level suggests a short-term bullish structure. If it stabilizes above $3,190, it may test $3,450 on the upside.
· Upside Target: A strong breakout and daily close above the $3,400 resistance could open the way toward $3,700 - $3,800.
· Main Basis:
· Whale and institutional capital inflows, such as a whale opening a $3.92 billion long position.
· Bullish divergence signals in technical analysis.

· On-chain Data: Indicates a large amount of ETH holdings with costs concentrated around $3,150 and $2,800, which may form "support walls."
· Network Conditions: Recent transaction delays on the Ethereum network could have affected some investors' confidence.
· Macro Market: Changes in macro factors like the US dollar index and US Treasury yields will influence the overall risk appetite in the cryptocurrency market.#广场发帖领$50
ETH-3.33%
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