$ETH
ETH/USDT Daily Point Analysis and Long/Short Direction Prediction
Market Analysis
ETH current price $3,268.39, daily decline of 1.04%. From the daily chart, ETH has recently formed a pullback at the high of $4,107.80, and the price has fallen below the MA7 and MA25 moving averages, indicating a clear bearish trend. The MA99 moving average below provides some support, and currently, after the MACD death cross, the volume continues to expand, indicating strong bearish sentiment in the market.
Key Levels
• Support Levels: $3,200, $3,087, $2,900
• Resistance Levels: $3,400, $3,500
Long/Short Direction Prediction
In the short term, ETH shows a trend towards the support level of $3,200. If it breaks below this level, it may further test $3,087 or even lower. If it rebounds and stabilizes at $3,400, it may test the $3,500 resistance zone.
Trading Suggestions
1. Long Position Strategy:
• Entry: Enter around $3,200 when it stabilizes
• Take Profit: $3,400, $3,500
• Stop Loss: $3,100
2. Short Position Strategy:
• Entry: Enter when resistance at $3,400 is encountered
• Take Profit: $3,200, $3,087
• Stop Loss: $3,500
Summary
The bearish trend for ETH has not yet ended, and the strength of short-term rebounds is limited. It is recommended to test with light positions, closely monitor the support at $3,200 and the breakthrough of the resistance at $3,400, and strictly implement stop-loss strategies to control risk.