Reasonable predictions and trading strategies for ETH today. Below is a detailed analysis and operational suggestions:
Key support and resistance levels:

  • First support level: 3330 (near the BOLL lower track).

  • Second support level: 3100 (historical low point, strong support area).

  • Resistance level: 3420-3450 (intersection of BOLL middle track and short-term moving average).

  • Second resistance level: 3550 (near previous high points, MA10 moving average pressure).

BOLL indicator: Prices are currently in the lower region of the BOLL channel, with a short-term possibility of a rebound to the middle track.

  • Moving average system: The short-term MA5 and MA10 moving averages have formed a golden cross, indicating a resurgence of bullish sentiment in the short term, but the MA30 moving average above still has a significant suppressive effect.

  • KDJ indicator: After a low-level golden cross, there is a rapid rise, but the J value has already touched the overbought area, presenting risks of oscillation or pullback in the short term.

  • Trading volume: During yesterday's rebound, the trading volume expanded somewhat, but sustainability still needs to be observed; currently, there is significant divergence between bulls and bears.

Direction prediction

ETH is expected to oscillate upward in the short term, primarily operating in the 3330-3450 range. When hitting resistance, there may be selling pressure, and the upside breakout space is limited. If it cannot stabilize above 3450, it may test the support level below again.

Short-term operations:

  • Long position layout: Enter lightly in the 3330-3360 area, targeting 3420, and aggressively to 3450, with a stop loss set below 3300.

  • Short position opportunity: If there is resistance around 3450 during a rebound, consider laying out a short position, targeting 3360, with a stop loss set at 3480.

Intraday oscillation operations:

  • Range strategy: Engage in high selling and low buying around the 3330-3450 range, strictly controlling positions and stop losses.

Medium-term holding:

  • If the price breaks below the 3100 support, exercise caution and refrain from increasing positions in the medium term.

  • The current market is still in a phase of oscillation and adjustment, with intense short-term capital competition; pay attention to the changes in the BOLL middle track and K-line formations.

  • Today, it is advisable to focus on observing the breakout situation at 3420 and the support strength at 3330, which will determine the subsequent direction.

  • Risk control: Adjust stop losses and target levels in real-time to avoid blindly chasing highs and selling lows.

  • Today's highlights: If 3420 breaks successfully, bullish sentiment may be further released; otherwise, the probability of oscillation and adjustment is relatively high.

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