#ETH

🧠 ETH surged from the 20-day moving average on July 9, and on July 10, it directly shot up above 2879 USD, with the bulls seeming like they had drunk Red Bull!

🟢 Bullish firepower in full swing: Hitting 3400 and 3750 is not a dream!

✅ The 20-day moving average begins to turn upwards

✅ RSI has entered the overbought zone, full fire!

If the price can hold above $2879, the bulls will next challenge:

📈 Small target: 3153 USD

📈 Target: $3400

📈 Big target: $3750!

If this wave really goes up, then it will be the starting signal for a new round of primary upward trend.

🔴 The short position hasn't moved yet? Keep an eye on two key supports!

But don't celebrate too early; bears are not to be underestimated.

First support: $2879

Next support: $2735

📉 If ETH falls below 2879, it may have risen too much in the short term and needs to adjust;

📉 If it falls below 2735 again, then be careful, aggressive bulls may be "lured into buying and then harvested."

📊 How to read the 4-hour chart?

RSI has already entered the overbought zone, indicating that:

🚨 Either sideways consolidation or digestion of the gains;

🚨 A small pullback is needed.

🔁 If the price revisits $2879 and rebounds strongly, it indicates that the bulls have turned this into a new "launch point"!

🔻 If it directly falls below 2879, it may trigger a wave of profit-taking, and it may next drop to 2735 dollars.