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Today, on the 14th, the Ethereum market is showing strong upward momentum. Recently, this encryption currency has exhibited a positive trend for five consecutive four-hour periods, successfully breaking through the upper Bollinger Band, highlighting significant bullish momentum. This trend not only reflects the strong market structure but also emphasizes a clear one-sided upward trend.
Technical indicators show that bulls still have room for further upward movement. On the one-hour chart, despite a minor pullback, the price remains close to the upper Bollinger Band and continues to operate within the upward channel.
Based on the current market performance, analysts suggest looking for long opportunities in the 4700-4750 range, with an upward target pointing to the 4800-4900 range. This prediction reflects the market's confidence in Ethereum continuing to strengthen in the short term.
It is worth noting that as prices continue to rise, market participants are closely watching whether Ethereum may create new historical highs. However, investors should keep in mind that the cryptocurrency market is highly volatile, and when making investment decisions, it is essential to consider multiple factors comprehensively and strictly control risks.