Ethereum has formed a large W-bottom on the 4-hour chart. From a technical perspective, there will be a pullback, meaning there is a need for a correction. This serves as a confirmation move for the bullish pattern. Consider entering long positions in batches between 2980 and 3045, with a stop loss set at the short-term bottom of 2940.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Ethereum has formed a large W-bottom on the 4-hour chart. From a technical perspective, there will be a pullback, meaning there is a need for a correction. This serves as a confirmation move for the bullish pattern. Consider entering long positions in batches between 2980 and 3045, with a stop loss set at the short-term bottom of 2940.