ETH/1h
 

K-line pattern analysis

  • After ETH price received support near 2800 USDT, there was a rebound and the current price is around 2958.49 USDT.

  • The chart shows that ETH has rebounded recently after a wave of declines, but the overall trend remains unclear.

Moving average analysis

  • Short-term moving average (5-day moving average): The current price is hovering around the 5-day moving average (3493.42 USDT), and short-term market sentiment has slightly strengthened.

  • Medium-term moving average (10-day moving average): The price is close to the 10-day moving average (3452.58 USDT). The medium-term trend needs to be observed to see whether it can maintain this position.

  • Long-term moving average (30-day moving average): The 30-day moving average (3406.74 USDT) has not been fully broken, indicating that the long-term trend still needs further confirmation.

Support and Resistance

  • Resistance level: The upper resistance level is at 3000 USDT and 3100 USDT. If this level cannot be effectively broken through, the upward pressure will be relatively large.

  • Support level: The current support levels are 2800 USDT and 2900 USDT. If it falls below this level, the price may continue to fall.

Volume Analysis

  • Trading volume increased during the rebound, but remained at a low level overall, indicating that market participants were more cautious.

  • The current volume has increased as prices rebounded, indicating a recovery in market sentiment.

MACD indicator

  • The MACD fast and slow lines formed a golden cross below the zero axis, indicating that the market may have a rebound opportunity in the short term.

  • If the fast line forms a death cross above the zero axis, it may be a signal of continued decline.

RSI indicator

  • The RSI indicator is currently close to 50, showing that market sentiment is neutral and prices may remain volatile in the short term.

Bollinger Bands Analysis

  • The price is running near the middle track of the Bollinger Band. If the price can effectively break through the middle track, it may continue to run upward.

Future Trends Prediction

In the short term

  • Oscillating upward: The price may fluctuate between 2900 USDT and 3000 USDT. If it can break through 3000 USDT, it is likely to continue to rise in the short term.

  • Downside risk: If it falls below 2900 USDT, the price may drop further to 2800 USDT.

Medium to long term

  • Rebound after adjustment: If the price is supported near 2900 USDT or 2800 USDT and the trading volume increases, there may be a rebound opportunity.

  • Trend confirmation: If the price rebounds and breaks through 3000 USDT and 3100 USDT, the medium- to long-term trend will turn strong again.

Operational Strategy

Long Strategy

  • Buy on dips: When the price gets support near 2900 USDT or 2800 USDT and a rebound signal appears, you can buy in batches.

  • Breakout Buy: When the price breaks through 3000 USDT and the trading volume increases, you can buy according to the trend.

Short selling strategy

  • Short on rallies: When the price is blocked around 3000 USDT or 3100 USDT, consider shorting.

  • Breakout and short：When the price falls below 2900 USDT, you can short sell following the trend.
    ETH has recently rebounded from a low level, and the short-term trend is unclear. The price fluctuates between 3000 USDT and 2900 USDT. The operation strategy recommends combining buying on dips and buying on breakthroughs, while looking for shorting opportunities near key resistance levels.
    The market is unpredictable and opportunities are fleeting. Only by paying close attention to every subtle change and seizing your own opportunities can you remain invincible in the ups and downs of the market. Are you ready today? Let's look forward to the wonderful performance of the market together!

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