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ETH Today Market Analysis and Short-term Trading
The daily chart breaks above the middle Bollinger Band, MACD shows increasing volume and accumulation, DIF/DEA are moving upward,
Resistance levels are at 2080-2100-2150 (Golden Ratio 0.786). Four-hour four consecutive bullish candles, MACD is a bullish crossover below the zero line with support moving up from 1930-1970.
Short-term Recommendations
Pull back to 1970-1980 and hold steady with small positions, stop loss at 1950, target 2025-2080.
If resistance is encountered at 2025-2050, take small short positions with stop loss at 2088, target 1980-1950.
Be patient and wait for a good entry opportunity; do not get caught in a position out of impatience.