ETH
Ethereum has closed down for two consecutive days on the daily chart, gradually approaching the EMA12 trend support at 3540. However, the overall EMA trend remains upward. A long lower shadow has appeared at this moment. In terms of technical indicators, the MACD is showing a reduction in volume, and both DIF and DEA are contracting from high levels. If today's daily K-line continues to trend lower after opening, it is very likely to find support at the rising trend line. The Bollinger Bands are still expanding upward, with the upper resistance at 3850 and the middle support around 3390. Overall, Ethereum is in a fierce tug-of-war stage between bulls and bears, and the gains and losses at key points will have a significant impact on the subsequent trend.
The four-hour chart for Ethereum has fallen into the EMA trend indicator range. The upper resistance is at the intersection of EMA12 and EMA26 at 3620. The MACD shows a decreasing volume trend, with DIF and DEA breaking below the 0 axis. Although the lower Bollinger Band at 3560 has been breached, there is clear support in the short term, and it is expected to challenge the middle Bollinger Band at 3660 subsequently. At this point, the market is close to the bottom support level, entering a sensitive trading zone. Investors should not hesitate; when entering the market, it is essential to defend and set stop-loss orders. If the trend does not meet expectations, exit with a small loss; if the judgment is correct, there is potential for profit.
Key points of short-term trading strategy: Market conditions are unpredictable, and there is no absolute certainty, so it is essential to set stop-loss levels, prioritizing the security of funds. The core pursuit and goal of short-term trading is to exchange a small stop-loss cost for a significant profit opportunity.
