Today, the Ethereum (ETH) market shows a positive trend. Observing from the hourly chart, the ETH price continues to attempt to break through the upper resistance, while the Bollinger Bands exhibit an upward expansion trend, indicating that long positions are gradually dominating the market. In the short term, the overall trend of ETH leans towards optimism.



On the technical side, after the previous death cross, the ETH price has shown a bottom divergence pattern and is moving upwards. This signal indicates that long positions are gradually accumulating and strengthening, with bullish momentum continuing to be released.

Currently, investors should closely monitor whether the support level near $3645 can be effectively confirmed. If support can be obtained at this position, it may lay the foundation for further upward movement.

Market participants can pay attention to long positions opportunities in the range of 3640-3680 USD, with upper target levels looking towards the range of 3720-3750 USD. However, investors still need to be cautious and closely monitor market changes, while managing risks appropriately.

Overall, ETH is currently showing a relatively positive trend, but in the face of high volatility in the cryptocurrency market, investors should always remain vigilant and ensure proper risk management.
ETH3.13%
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AirdropHuntervip
· 08-07 14:08
Ready to charge, ended in a huge loss.
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TokenVelocityTraumavip
· 08-07 08:50
Fast forward to fall below the support level
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GasBanditvip
· 08-07 08:47
The bull run is coming.
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AirdropSkepticvip
· 08-07 08:29
Look, it's just a loss anyway.
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LayerZeroHerovip
· 08-07 08:26
Making money is always more fun than eating dirt.
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