From the 4-hour timeframe, after dipping near 2900, ETH quickly regained lost ground, indicating that the support around 3000 remains strong. On the technical side, the MACD golden cross is emerging, and both the DIF and DEA indicators are above the zero axis, suggesting that bullish momentum is about to start.
Personal suggestion, for reference only (set strict stop loss) ETH can be considered for long positions around 3000-2900, with targets at 3150-3270
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June 8, Monday Morning ETH Analysis
From the 4-hour timeframe, after dipping near 2900, ETH quickly regained lost ground, indicating that the support around 3000 remains strong. On the technical side, the MACD golden cross is emerging, and both the DIF and DEA indicators are above the zero axis, suggesting that bullish momentum is about to start.
Personal suggestion, for reference only (set strict stop loss)
ETH can be considered for long positions around 3000-2900, with targets at 3150-3270