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[Thursday, 12.04] ETH:
Current price is 3180, and bullish momentum remains strong.
On the daily chart, only a break below 2980 would lead to consolidation and a re-selection of the major direction!
On the 4H chart, strong support is at 3050, which is also the point where ETH’s "hard hat" pattern completes!
If the "hard hat" is broken, then a reversal is likely to occur.
Safe entry is to go long around 3120-3150.
If you’re afraid of missing the move, go long near 3170, and if support holds at 3120-3150, add to your position to lower the average price.