Ethereum showed volatile price action yesterday with a rebound in the late night hours. From a daily perspective, there have been two consecutive days of modest rebounds. On the hourly chart, the price has broken through the 2,100 point short-term resistance level. This morning, it is recommended to focus on buying on pullbacks.
Recommendation: Buy near 1990, with a stop loss at 1940, and target 2190.
Zhao Youdao: ETH Morning Report 2110
Ethereum showed volatile price action yesterday with a rebound in the late night hours. From a daily perspective, there have been two consecutive days of modest rebounds. On the hourly chart, the price has broken through the 2,100 point short-term resistance level. This morning, it is recommended to focus on buying on pullbacks.
Recommendation: Buy near 1990, with a stop loss at 1940, and target 2190.