At present, the overall layout of Ethereum is in a state of capital preservation and small profit. Subsequent operations will focus on the breakthrough of key support and resistance levels to determine the further trend of the market.
Daily level analysis
Key support level: 3420. If it can quickly fall below this level, we need to pay attention to the integer support of 3400.
MA indicator: The price shows signs of breaking through MA7 and stabilizing. If 3415 is not broken during the day, the price may have room for certain upward movement.
High pressure: 3550-3590 range. If the price goes up, this range will become an important resistance level.
Four-hour level analysis
Bollinger Bands: On the four-hour chart, the Bollinger Bands began to close, indicating that market volatility tended to converge and prices were running in an upward channel.
MACD indicator: The bulls are running with large volume for the second time, indicating that the market still has certain upward momentum.
Support level: Pay attention to the support strength of the 3400 integer mark.
One-hour level analysis
Changes in volume: On the one-hour chart, the long and short volumes began to change, and the MACD long and short volumes showed certain signs of reversal.
K-line pattern: Pay attention to the top and bottom conversion support line of 3410. If this position can be held, it will help the price rebound.
Comprehensive strategic recommendations
According to the above analysis, the subsequent operation of Ethereum is recommended to be mainly rebound short selling. The specific strategy is as follows:
Entry point: Consider shorting in the 3550-3590 range.
Stop loss: set above 3600 points to prevent the price from breaking upward.
Target position: Pay attention to the support strength of the 3420-3400 range. If it falls below 3400, continue to hold short positions, and the target is down to the 3300 line.
