The current price is at the extreme resistance level of the 1-hour chart (near EMA200). Here are the analysis suggestions for the short-term and medium-term:
Short-term Analysis
1. Entry Points:
• If the price breaks the resistance level (around 3,511 USDT), it is recommended to chase long positions in the range of 3,515-3,525 USDT. A pullback after confirmation of the breakout may be a good entry opportunity.
• If the price fails to break and falls back, observe the support effect in the range of 3,450-3,460 USDT, which is a strong short-term support area, suitable for buying on dips.
2. Stop Loss Points:
• Set the stop loss for long positions at 3,430 USDT to avoid the risk of a pullback caused by a false breakout.
• Set the stop loss for short positions at 3,520 USDT; once the breakout is confirmed, the risk for short positions is high.
3. Reason for Analysis:
• EMA200 is an important resistance level for the short term, and the MACD is in the death cross zone, indicating weak short-term momentum, so we need to wait for a breakout signal.
• The trading volume has not significantly increased, indicating a stalemate between bulls and bears, which may require further confirmation of the direction.
Medium-term Analysis
1. Entry Points:
• If the price breaks 3,511 USDT and holds (at least 1-2 hours of closing price above), medium-term long positions can be entered in the range of 3,520-3,550 USDT.
• If the price pulls back to EMA100 (around 3,440 USDT) and stabilizes, there is a good opportunity for buying on dips in the medium-term.
2. Stop Loss Points:
• Set the stop loss for medium-term long positions at 3,400 USDT to prevent a larger pullback caused by breaking important moving average support.
• If the rebound is weak and falls below 3,430 USDT, stop loss is necessary to prevent a trend reversal.
3. Reasons:
• In the medium term, ETH is still in a trend of oscillating upwards, but 3,511 USDT is a key resistance level, and breaking it will open up further upward space.
• The lower EMA100 and EMA55 (in the range of 3,440-3,480 USDT) constitute strong support; breaking below them requires vigilance against pullback risk.
Summary of Operational Suggestions
• Short-term: Pay attention to the breakout at 3,511 USDT; after confirmation, small positions can be pursued; if blocked and falls back to support, consider buying on dips for long positions.
• Medium-term: Be patient and wait for a breakout or a stabilization signal after a dip to the support range (3,440-3,450 USDT).
If you need real-time updates or further analysis, feel free to let me know!
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