[Analysis] "Ethereum extends gains after bear trap… opens up to $3,510 after short-term correction"
공유하기
Summary
- Omkar Godbole said Ethereum (ETH) has continued its upward trend after a recent bear trap was confirmed.
- On Ethereum's daily chart, the MACD histogram turned positive, raising the possibility of further gains up to $3,510.
- In the short term there may be a re-test of the $3,100 level and a range-bound correction, but the overall trend was said to lean bullish.
A technical analysis says Ethereum (ETH) has continued its upward movement after a recent bear trap was confirmed.
On the 4th (local time), Omkar Godbole, a CoinDesk analyst, said the moving average convergence/divergence (MACD) histogram on Ethereum's daily chart turned positive, strengthening the bullish signal. He said, "This structure increases the likelihood of further gains toward the area around $3,510, the October 10 low."
However, in the short term there may be a need to re-test the $3,100 level. The MACD histogram on the hourly chart is approaching a bearish crossover, so a short correction or range-bound movement may appear before a full upward wave continues.
Godbole said, "The overall trend leans bullish, but the short-term support test needs to be completed before it can proceed stably to the next phase."
