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Hua Zai’s Market Commentary on ETH in the Afternoon:
From a technical structure perspective, after Ethereum retraced to the 2250-2200 support range, it quickly rebounded, recouped what was lost, and the moving average system remains solid, maintaining a stable bullish alignment. The MA30 moving average continues to move upward, forming support and acting as a foundation. During the oscillation consolidation phase, the trading volume shows a mild increase—this is a typical signal of an upward continuation pattern. The subsequent uptrend is clear.
Trading suggestion: You can enter long positions in the 2300-2280 range, with the target price set at 2450.
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