Daily chart analysis:
On the daily chart, Ethereum has shown signs of rebound recently, but it is still necessary to pay attention to the key resistance level of $3,280. If it can effectively break through this resistance level, it may rise further. On the contrary, if it fails to break through, the price may fall back again.

  • Key support level: $3,085

  • Key resistance level: $3,280

Four-hour chart analysis:
On the four-hour chart, the price of Ethereum fluctuates near the middle track of the Bollinger Bands, and the MACD indicator shows that the bullish trend has weakened. If it can hold $3,250 in the short term, the price is expected to challenge $3,280 again. But if it fails to hold, it may fluctuate around $3,200.

  • Key support level: $3,200

  • Key resistance level: $3,280

One hour chart analysis:
On the one-hour chart, the price of Ethereum fluctuates near the short-term moving average, and the moving average system is in a state of oscillation, and the bullish force is weak in the short term. If the price can stand above $3,250, it is expected to continue to rise in the short term.

  • Key support level: $3,220

  • Key resistance level: $3,280

Recommendations

Long strategy:

  1. Long orders are placed near the $3,220 support level, with a target price of $3,280. The stop loss is recommended to be set below $3,200 to prevent risks from sudden market fluctuations.

  2. If the price breaks through the resistance level of $3,280, you can consider continuing to hold long positions and raising the target price to $3,400.

Short strategy:

  1. If the price fails to break through the resistance level of $3,280, consider placing a short order near $3,280, with a target price of $3,200. The stop loss is recommended to be set above $3,300 to control the risk.

risk control:

  1. Strictly set stop losses to guard against risks brought by sudden market fluctuations.

  2. Flexibly adjust positions according to market changes to avoid risks brought by excessively concentrated positions.

Market Observation

  1. Ethereum is currently at a critical technical point, and investors should pay close attention to market trends and respond flexibly.

  2. Be patient and wait for the market to clarify its direction, and seize the best trading opportunities during fluctuations.

Seize every market opportunity to make your investment more professional and successful!

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