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The Ethereum Pectra upgrade goes live on May 7, bringing improved account features, better validator experience, and L2 support. Will it boost ETH’s price? Share your thoughts, predictions, and trading strategy with #Ethereum Pectra Upgrade# for a chance to win $50!
⏰ Event Time: May 6, 4:00 AM - May 7, 4:00 AM (UTC)
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On the afternoon of October 8th, the article analysis gave a 6.2/2400 Long, long order, perfectly getting on board and successfully reaching the target point, with a profit of over 1000 points. Ethereum did not pull back to the get on board point, then gave a 6.3/2450 go short idea, also perfectly getting on board and reaching the target point at 6.18, with a profit of over 2000 points for both long and short. Congratulations to the fren who followed the article's operation. The accuracy of the October trading entry points is 80%. The current market is weak and volatile. Please see the following analysis for how to operate.
BTC #BTC# From the daily chart, in the past two days, there have been 2 Upper Shadow Candlesticks successively. Yesterday, the price touched the key support level MA256 daily moving average (6.2) emphasized in the analysis of the previous days. Currently, it has rebounded slightly near 6.2, and it is necessary to follow the gains and losses at the key level of 6.2 during the day. It is expected to test the 6.3 resistance level with the rebound of 6.2, and the short-term resistance level will be observed around the 1-hour MA256 (6.27) and the 12-hour MA30 (6.31). Overall, just follow the direction of the breakthrough in the range of 6.2-6.3.
ETH then failed to test the MA30 daily moving average (2470) position again, rebounding the overall resistance level following the 2480-2500 price range, and before breaking through this line, it is mainly treated as weak oscillation. The key resistance level of the 4-hour MA60/256-day moving average (2470) is followed, and the short-term support level follows the 1-hour MA120-day moving average (2430).