Market Review
Currently, the overall layout of Ethereum is in a state of maintaining capital and making small profits, and key support and resistance levels need to be paid close attention to in the future.
technical analysis
Daily chart
Key support: Pay attention to the 3420 line. If it can break through quickly, then look at the 3400 integer mark.
Price trend: The price shows signs of breaking through MA7 and stabilizing. If 3415 is not broken, the price has room to rise.
High level suppression: Pay attention to the 3550-3590 range during the day.
Four-hour chart
Bollinger Bands: Starting to close, the price is running in an upward channel.
Key support: 3400 integer mark.
MACD: Bullish trend is running with large volume for the second time.
One-hour chart
Volume changes: Long and short volumes begin to shift, and MACD shows certain signs of reversal.
Key support: Pay attention to the top and bottom conversion support line of 3410.
Recommendations
Robust Strategy
Short on rebound: Place short orders in the 3550-3590 range, target 3420, and set stop loss at 3600.
Aggressive Strategy
Short-term operation: If the price rebounds to the 3410 support level and does not fall below it, you can consider short-term long positions, with the target at 3550 and the stop loss at 3400.
Summarize
Ethereum is showing an upward channel in the short term. Investors are advised to arrange short orders at key resistance levels to ensure the robustness and effectiveness of trading strategies. Conservative investors can arrange short orders in the high-level suppression range, while aggressive investors can pay attention to the rebound opportunities at short-term support levels and flexibly adjust their operating strategies.
