Ether midday thoughts:
After a pullback, consecutive bullish candles appear, opening high and breaking new highs, with strong momentum. The 4-hour chart stabilizes above key moving averages, showing a bullish arrangement, indicating a medium-term bullish outlook.
The net inflow of ETFs is considerable, institutional holdings are rising, and exchange supply is tightening. However, the hourly chart is facing pressure, indicators are overbought, volume is shrinking, and selling pressure risk is increasing.
Action: Buy near 4240, 4200, target around 4450!
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