1. Daily Line Analysis
From the daily chart, the current price of Ethereum (ETH) is $2,267, which is in a volatile downward trend. Ethereum has repeatedly tested the pressure level above $3,000 but failed, and then gradually fell, breaking through several key supports. At present, the MA10 moving average ($2,425) and the MA30 moving average ($2,562) are both trending downward, indicating that bearish sentiment is relatively strong.
From the technical indicators, the MACD indicator is in the short area, the fast line (DIF) and the slow line (DEA) are both running downward, and the MACD histogram shows that the short force is gradually increasing. Therefore, Ethereum may continue to be under pressure in the short term. If it cannot rebound effectively, the price may further drop to around $2,112.
Daily operation suggestions: Investors are advised to consider shorting with a light position near US$2,400. If the price rebounds to around MA10 (US$2,425), they can gradually reduce their positions and wait for further trend confirmation.
2. Four-hour line analysis
The four-hour chart shows that Ethereum is currently in a relatively obvious downward channel, and the price has tested the support level of $2,250 several times. In the short term, MA30 ($2,425) and MA120 ($3,060) form strong upward pressure.
From the perspective of MACD, the bearish signal is relatively obvious, but there are some signs of stopping the decline, and there may be a small rebound in the short term. From the overall trend, the rebound is relatively limited, and the upper $2,500 will become a key short-term resistance.
Four-hour operation suggestion: If the price falls below the support level of $2,250, it is recommended to continue to wait and see and wait for the market to further correct. If the price rebounds to around $2,500, you can consider shorting with a light position.
3. One-hour line analysis
On the one-hour chart, Ethereum is currently showing signs of a small rebound, but the rebound is not large and is still subject to the suppression of MA30 ($2,425). The overall market sentiment is relatively cautious, and the volatility may be limited in the short term. On the MACD indicator, although the short-selling force has weakened, a clear reversal signal has not yet formed.
One-hour operation suggestion: Short-term traders are advised to consider short-term operation with small positions near the support level of $2,250 and set a stop loss. If it rebounds above $2,400, you can consider reducing your position or taking profit.
Summarize
Overall, Ethereum is still in a weak range of fluctuations, and the possibility of further decline cannot be ruled out in the short term. It is recommended to be prudent in operation and not to increase positions blindly. Controlling risks is the current priority.
