Jack's Trading Classroom | Breakout After ETHUSD Pullback

Currently, we are looking at the one-hour candlestick chart of ETHUSD. The short-term moving average EMA15 has crossed above EMA50, forming a golden cross. Additionally, Ethereum is showing a bullish trend with higher lows on the chart, indicating that the short-term bullish momentum of Ethereum remains strong.

Currently, we see the one-hour candlestick chart of ETHUSD, with the short-term moving average EMA15 crossing above EMA50 to form a golden cross. Ethereum is showing a bullish trend with higher lows on the chart, indicating that the short-term bullish momentum for Ethereum remains strong.

Earlier, there was a retracement to the Fibonacci 38.2 support level at 2158.80. Therefore, the Fibonacci range of 127.2-138.2, 2491.75-2532.95, can be considered as a target range. For short-term trading, it is advisable to focus on bullish operations based on the pattern, with stop-loss points set below the support of the previous low.

In recent days, the cryptocurrency market has experienced significant volatility. It is recommended that operators strictly adhere to risk management practices and avoid high leverage and high contract volume operations to prevent additional losses caused by volatile market conditions. This article reflects personal opinions, and readers should exercise caution when considering it. Cryptocurrency trading may involve risks to your capital.