October 21 ETH short-term market share

1. Core Market Situation: Pullback Consolidation, Uptrend Remains Unchanged

In the early hours, ETH experienced a slight pullback accompanying the rebound, but this is not a signal of a reversal in the upward trend; rather, it is a consolidation action following a phase of price increase, aimed at accumulating momentum for subsequent breakthroughs, and to avoid exhausting the bullish forces due to a rapid short-term rise. From the market performance, the selling pressure gradually decreased during the pullback, and there was no large-scale capital outflow, further confirming the "consolidation" attribute.

2. Technical Support: Key Signal Confirms Short-Term Strength

The current ETH price is steadily rising, relying on the dual support formed by the 5-day and 10-day moving averages, and is consistently operating near the upper band of the Bollinger Bands. This technical pattern releases two key pieces of information:

1. The short-term moving averages show a bullish arrangement, with effective support strength, and can quickly attract buying interest during price pullbacks;

2. Running near the upper Bollinger Band indicates that short-term bulls dominate the market rhythm, and the stability of the upward trend is strong, with no signs of trend weakening yet.

Entry range: It is recommended to gradually accumulate long positions in the 3900-3850 range.

3 Target Position Planning: The first target looks at the 4020-4050 range, which corresponds to the upper edge of the previous oscillation platform and has certain pressure; if it breaks through, it can further look towards the vicinity of 4100. #今天你用Gate保险箱了吗？ #ETH反弹在即？