$ETH

ETH/USDT Daily K-line chart shows that Ethereum has recently experienced a significant pullback, currently rebounding around 3,466.50, but the overall trend is still in a corrective phase. Below is a detailed technical analysis and operational suggestions:

Technical Analysis

1. Moving Average Dynamics

• MA(7) (3,728.31): The short-term moving average is trending downwards, exerting pressure on the price. A breakout above this position is needed to confirm further upward movement.

• MA(25) (3,762.51): The medium-term moving average continues to slope downwards, and a rebound to this position may encounter strong resistance.

• MA(99) (2,972.00): The long-term moving average maintains an upward trend, indicating that Ethereum is still in a medium to long-term bullish trend overall.

2. MACD Indicator

• DIF (50.22) is below DEA (130.48), and the green bars are continuously expanding, demonstrating that bearish forces still dominate.

• MACD has not yet shown signs of a golden cross; the strength of the rebound still needs further observation.

3. Trading Volume

• Trading volume has increased during the decline, while the current rebound is accompanied by relatively weak volume, indicating that market bullish sentiment is still not strong enough.

4. Key Support and Resistance

• Support Level: 3,088 (recent low) and 2,972 (MA99 long-term support). If it falls below 3,088, it may further test lower support levels.

• Resistance Level: 3,728 (MA7 resistance) and 3,762 (MA25 resistance). Breaking through these positions may open up more room for a rebound.

Operational Suggestions

Short-term Long Position Strategy

• If the price retraces to the 3,300-3,400 area and stabilizes, a light long position can be taken, with a target of 3,700-3,760 and a stop loss set below 3,280.

High Position Short Position Strategy

• If the price rebounds to the 3,720-3,760 area but cannot break through, a light short position can be attempted, with a target near 3,400 and a stop loss set above 3,800.

Mainly Wait and See

• The current market has not yet clarified its direction; it is recommended to wait for the price to break through 3,760 or retrace to the support level and stabilize before taking action.

Summary

ETH is currently in a short-term adjustment phase, with a focus on the breakout situation of the 3,088 support and 3,760 resistance. Short-term operations should primarily involve light positions to avoid chasing highs and lows, with strict risk control. If the resistance level is broken, it is expected to open up larger rebound opportunities.