ETH 1 minute line fluctuates upward, crypto world players seize the opportunity quickly!

Friends in the crypto world, the 1-minute chart of ETH is worth paying attention to! Starting from 3131.64, it has been oscillating upwards, and the current price is around 3166.87. Below is a detailed analysis for everyone.
Market observation
Trend: Relying on the MA7 moving average, it is gradually rising. Although it is not a rapid straight-line increase, it shows a stable oscillating upward trend overall, with bullish strength steadily accumulating.
Volume: When prices rise, the trading volume increases in sync, indicating that funds are actively entering the market to push prices; during a pullback, the volume contracts, suggesting lighter selling pressure and a relatively stable market.
Key levels: 3170 is a short-term minor resistance level. If it can break through successfully, the price is expected to rise further; 3160 is a short-term support level. As long as this level is maintained, the upward trend will continue.
Operating ideas
Spot investors: Friends holding ETH spot can be patient and hold on, without being easily shaken out by short-term fluctuations. Under the current trend of oscillating upward, as long as the overall trend does not change, long-term holding is expected to yield substantial returns. If you are optimistic about the subsequent trend, you may also consider increasing your position appropriately.
Contract traders: You can try to go long with a light position around 3165, with a stop loss set at 3160. If the price breaks through 3170, consider adding to your position to chase the long, but be careful to control your position size, as the risk of contract trading is relatively high.
Altcoin investors: ETH is showing a stable upward trend, and related ETH ecosystem altcoins (such as L2 concepts and DeFi coins) may react accordingly. Investors can seize the opportunity for quick in-and-out trades, but should avoid excessive greed.

(Attached is the live chart of ETH 1-minute line, pay close attention to the key points, this wave of ETH market is worth looking forward to!)
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