The market trend today shows that the 52-day moving average has risen from around 4170 this morning to about 4200. This change highlights the importance of following signals rather than the price itself. For investors looking to increase the position, the key is to observe the price retracement to the main moving averages (such as the 52-day or 60-day moving average) within the 1-hour period.



In a bullish trend, pullbacks at the secondary level usually reach an important moving average of a certain period, and then initiate a rise again. This retracement may present three forms: precisely touching the moving average, slightly breaking through the moving average (but the smaller period moving average remains above), or briefly falling below and then quickly pulling back.

Understanding these market behavior patterns helps investors better grasp the market rhythm and make more informed trading decisions. It is worth noting that today Ethereum (ETH) has broken through the $4300 mark, which may indicate a positive trend in the overall cryptocurrency market.

However, investors still need to be cautious, closely follow market changes, and manage risks appropriately. While moving average analysis is effective, one should not overly rely on a single indicator, but rather combine various factors for a comprehensive judgment. In the rapidly changing digital asset market, it is crucial to remain calm and rational.
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MetaverseLandlordvip
· 17h ago
Is ETH bullish? Just look at the moving averages.
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AirdropHunterKingvip
· 17h ago
Once you understand moving averages, it will be easy to Be Played for Suckers.
View OriginalReply0
fren.ethvip
· 17h ago
eth To da moon啦赌狗们
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