Judging from the 4-hour and 1-hour K-line charts, ETH has shown some signs of rebound in the recent downward trend.

  • Moving average analysis: The short-term golden cross signal of MA(7) and MA(30) is relatively weak, indicating that market sentiment has not yet fully turned bullish.

  • Bollinger Bands: The current price fluctuates around the middle Bollinger band, with strong support at the lower band around 3260, and resistance at the upper band around 3450. The Bollinger Band opening is gradually narrowing, indicating a short-term shock pattern.

  • Trading volume: The recent trading volume has increased, indicating that there is a certain amount of long-short game in the market.

Key point prediction:

  • Opening position: The current level around 3384 is a relatively reasonable entry point. It is recommended to enter long positions in batches when the price retraces to the 3370-3380 range.

  • First take profit level: 3450 (short-term resistance level, close to the upper Bollinger band).

  • Second take profit level: 3550 (further rebound pressure zone).

  • Stop loss level: 3330 (must exit decisively if breaking below the middle Bollinger band).

Strategy and operation recommendations:

Long position strategy:

  • When the price pulls back to around 3370, try a light long position. If the price breaks through 3400, you can gradually increase the position.

  • If the price stabilizes above 3450, consider moving the stop loss up to 3400 to lock in some profits.

Short position strategy (alternative):

  • If the price falls below 3330, the Bollinger band may open up downward space; consider entering a short position, targeting 3260-3200.

Other technical indicators reference:

  • The RSI indicator is currently hovering around 50, and the short-term momentum has not yet fully strengthened.

  • The MACD indicator has formed a preliminary golden cross, indicating potential for a short-term rebound, but upward momentum is limited.
    ETH is showing an overall oscillating bullish trend today. It is recommended to operate with light positions and focus on risk control management. In short-term trading, pay attention to whether 3450 breaks through, and whether the strong support at 3330 is effective. Overall, caution is still needed to observe and wait for further clear directional signals.

Finally: For more real-time market interpretations, feel free to follow!
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