ETH
Ethereum current price is 3130, a golden cross trend has formed, and Ethereum has finally shown a decent rebound, although it has made up 100 points, this is a positive signal released by the market, which is favorable. After continuously testing the 3000 mark and liquidating short positions, it pulled back 200 points. Although there has been no effective entry, it has remained in a wait-and-see stage, with no effective bottoming out and no obvious support, making it unlikely to easily enter. The trend is still primarily bullish.
Zhao suggested analyzing the price trend. Currently, the market K-line pattern is fluctuating around 3200, showing signs of certain fluctuations and consolidation. The previous high point at 3228 forms a short-term resistance level, while the previous low at 3051 provides support. The technical indicator MACD currently shows both DIF and DEA are positive values, but the MACD histogram indicates a weakening trend of bullish strength, needing attention to subsequent changes. Zhao advises everyone to wait for an effective retest of support before entering long positions.
The relative strength index RSI is close to the neutral zone at 52.6, not entering the overbought or oversold zones, indicating that the market currently does not have extreme emotions. The trend indicators EMA7, EMA30, and EMA120 show a bullish arrangement, and there is still an upward trend in the short term, but one should be wary of pullback risks. Rational thinking and layout are important; do not chase highs or panic sell. Wait for a clear pullback before making decisions. Recently, trading volume has increased, especially with yesterday's large bullish candle, indicating strong buying power. However, the current market trading volume has slightly decreased, which may indicate an increase in market wait-and-see sentiment. Therefore, wait for a pullback to accumulate positions before entering.
