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$ETH ASR-VC indicator 4h channel status update:
The expectation has been fully fulfilled, the price has been pulled back to 3500, and at present, it seems that the yellow line on the oscillation channel has been tested to support effectively.
I only see 3500 at the moment of the pullback expectation of ETH in the past few days, because if it falls below 3500, the structure of the strong bull trend will change...
For the current collective bearish voice of ETH, I want to say that many people look at the pullback all the way, look at the pullback, from 2500 to 3800, and then there is a 300 pullback and they will climax...
That's a good thing!
Because this wave of spot buying has pushed the price to near the previous high, it has been done with benevolence, and then it will rely on futures shorts to push the price...
As long as someone is willing to short ETH, then the price has the momentum to break new highs!


23.7. klo 15.41
$ETH ASR-VC indicator 4h channel status update:
The upper edge of the orange average support band has failed at present, and the price has officially entered the orange channel, and the short-term overall will still maintain a structure of shock pullback;
The trend structure is equivalent to returning to the momentum of the previous oscillation around $3,000, so if there is a pullback in the short term, the target will be along the $3,500 area under the orange channel.
But I don't think ETH will have too deep a pullback, and after a strong trend is formed, re-forming a new turnover range through shocks is the only way for the trend to continue or reverse.
Therefore, the current trading idea is to wait for the test of 3500 and try to take long until the price falls below the yellow line above the oscillation channel and then stop loss.
Note: The channel parameters used here are the same general parameters as BTC, and ETH's own parameter set is more suitable for 15min-level channels.

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