ETH chart data and K-line trend. The following is an analysis and operation suggestions for ETH's trend today:

Judging from the K-line trend and major technical indicators, ETH has shown an overall weak and volatile downward trend in recent days. Especially after the pullback from the key high of 2770, it has not been able to rebound effectively, forming multiple pullback bands.
 

Trend Analysis:

  • Recently, ETH encountered resistance at 2770 points and gradually moved down to around 2440, showing an overall downward channel. The high level failed to break through, and the short-selling force was significantly strengthened.

  • Currently, ETH is fluctuating repeatedly in the 2400-2500 point area and constantly testing lows. It fell to around 2380 yesterday, but quickly rebounded back to 2440, showing a certain support strength.

Technical Indicators:

  • Moving Average System (MA5, MA10, MA20): Short-term moving averages show a bearish arrangement, and the candlestick has touched the moving average multiple times before continuing to decline, indicating that bears still dominate in the short term.

  • Keltner Channel: ETH is currently near the lower boundary of the Keltner Channel, indicating that the price is close to the short-term support area. If it continues to decline and breaks through the lower boundary support, it may trigger a deeper pullback.

  • Trading Volume: Yesterday's trading volume increased, showing strong selling pressure in the market. If today's trading volume continues to increase, caution is needed for further price declines.

Support and Resistance Levels

  • First Support Level: 2440 - The current price is hovering in this area; if it fails to hold, bears may increase pressure further.

  • Second Support Level: 2380 - This is yesterday's low. If the price touches this level again and fails to hold, it may trigger more bearish sentiment.

  • Resistance Level: 2520 - If the price can rebound and break through this level, it is likely to retest the upper level at 2550 in the short term.

Operating Strategy

Combining recent trends and technical indicators, it is recommended to focus on short-term high selling and low buying today, while being mindful of risk control.

  1. Long Position Strategy: If the price stabilizes around 2440, consider taking a small position long, targeting 2500-2520, with a stop-loss set at 2410.

  2. Short Position Strategy: If the price breaks below 2440 and continues to weaken, consider taking a light position short, targeting 2380, with a stop-loss set at 2470.

Today's Trend Prediction

From the candlestick structure and technical indicators, the support at the 2440 level is crucial for ETH. If it can hold, a slight rebound is expected; however, if it fails to hold, it may further test 2380 or even lower. Overall, today ETH is likely to fluctuate within the 2380-2520 range, and investors are advised to perform high selling and low buying operations.

Currently, the overall trend of ETH is weak, and the rebound space in the short term is limited. It is crucial to focus on whether the 2440 support holds effectively. Additionally, investors should pay attention to changes in market trading volume to avoid significant pullbacks in the event of short-term volatility.

#加密货币市场持续震荡 #战火将如何牵动加密市场？ #美国大选前行情观察 #ETHBTC汇率新低 #盘整行情分析 $BTC $ETH $SOL