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Can we chase this ETH rebound? My judgment: short-term recovery is relatively strong, but trend reversal still needs confirmation.
According to the screenshot, ETH is around $2546, with 4-hour MA5, MA10, and MA20 approximately at 2531, 2518, and 2504 respectively; short-term moving averages have already formed a bullish alignment.
However, there was a rapid drop from around 2700 earlier, so resistance remains above; the rebound should not be directly considered a new major uptrend.
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Kripto Trending
BTC/USDTBitcoin
$82.338,8+0,00%
ETH/USDTEthereum
$2.460,48-0,03%
ZEC/USDTZcash
$1.183-0,07%
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