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4-8 Morning Analysis
Ethereum experienced a surprisingly strong rebound late at night, starting from a low point and rapidly rising with increased volume, breaking through 200 points of space. The short-term bullish rally is very clear.
The daily chart clearly shows that the market quickly broke through previous dense trading resistance levels, with the chip focus moving upward in sync. Signs of phased entry of bullish funds are very evident.
On the hourly chart, after a sharp rise, there was a slight pullback and consolidation, which is a normal technical correction after an upward move, a healthy retracement to gather strength, not a trend reversal signal. No need to overreact.
Overall, the rhythm and strategy remain clear. The current core approach is to buy on dips, avoiding chasing highs and missing opportunities. Patience is key for a more stable entry on pullbacks.
Trading Suggestions
Gradually build long positions around the retracement level of 2210-2230, targeting 2300-2350. Strict position control and disciplined trading are essential to steadily ride the wave.