ETH
K-line pattern analysis
ETH recently rebounded from a low of 2800 USDT and is currently priced at 3498.70 USDT.
The price formed an uptrend on the daily chart but recently encountered resistance near 3500 USDT.
Moving average analysis
Short-term moving average (5-day MA): The price is running near the 5-day MA (3498.94 USDT), indicating that the short-term market sentiment is relatively optimistic.
Medium-term moving average (10-day MA): The price is above the 10-day MA (3298.30 USDT), indicating strong market sentiment.
Long-term moving average (30-day EMA): The price is trading above the 30-day EMA (3353.58 USDT), indicating that the long-term market sentiment is relatively positive.
Bollinger Bands Analysis
Bollinger Band Upper Track (UB): 3619.64 USDT, indicating that there is great pressure from above.
Bollinger Band Lower Track (LB): 2856.17 USDT, indicating strong support below.
The current price is running above the middle line of the Bollinger Band (3237.97 USDT), indicating that market sentiment is strong.
Support and Resistance
First support level: The price is supported near 3400 USDT. If it falls below this level, it may fall further to 3300 USDT.
Second support level: The price has strong support near 3200 USDT. If it falls below this level, the price may fall further.
Resistance level: The upper resistance level is at 3500 USDT and 3600 USDT. If it can effectively break through this position, the probability of continuing to rise in the short term is relatively high.
Volume Analysis
Trading volume increased during the price increase, indicating strong buying power in the market.
The current trading volume has declined, indicating that market sentiment is cautious and wait-and-see.
CCI indicator
The CCI indicator is currently at 98.99, showing that market sentiment is strong.
If the CCI indicator continues to be above 100, it means that market sentiment is strengthening and prices are expected to rise further.
Future Trends Prediction
In the short term
Oscillating upward: The price may fluctuate between 3400 USDT and 3600 USDT. If it can break through 3600 USDT, there is a high probability that it will continue to rise in the short term.
Downside risk: If it falls below 3400 USDT, the price may fall further to 3300 USDT or lower.
Medium to long term
Rebound after adjustment: If the price is supported near 3400 USDT or 3300 USDT and the trading volume increases, there may be a rebound opportunity.
Trend confirmation: If the price rebounds and breaks through 3600 USDT, the medium- to long-term trend will turn strong again.
Operational Strategy
Long Strategy
Buy on dips: When the price gets support near 3400 USDT or 3300 USDT and a rebound signal appears, you can buy in batches.
Breakout Buy: When the price breaks through 3600 USDT and the trading volume increases, you can buy according to the trend.
Short selling strategy
Short on rallies: When the price is blocked near 3600 USDT, you can consider shorting.
Breakthrough short selling: When the price falls below 3400 USDT, you can follow the trend and short sell.
risk control
Stop profit and stop loss settings
First stop profit: 3580 USDT
Second stop profit position: 3640 USDT
Stop loss: 3430 USDT
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