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July 16 ETH evening strategy analysis
Today, ETH has been fluctuating upwards all the way. The morning analysis also mentioned that ETH is seeking support to resume its rise. As of the time of writing, the price has reached around 3265, having risen by 160 points.
The hourly MACD is at a high level, with a risk of a pullback, but the 4-hour fast and slow lines have just formed a golden cross, which means that the short-term uptrend has not yet ended. Therefore, the strategy for tonight is still to buy on dips.
In terms of operation, enter near 3100 below, take profit near 3430 above, with a space of 330 points, expecting this wave of market to complete in the next few days.
3430 is also a suitable position for shorting.
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