On the hourly level of Ether, it is in a wedge structure adjustment, with the price running between the middle band and the upper band. The short-term performance is relatively strong, and the higher trade volumes of the trend line still need to continue.
This means that the market is likely to experience another wave of decline to test the major support levels. However, the current price is close to the upper band, which poses pressure, and the MACD indicator is positive, signaling bullish momentum.
Ether suggests going long around 4070-4100, with upper targets looking towards 4250 and 43
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