1h/ETH
As can be seen from the figure, ETH rebounded after receiving support at 2800 USDT, and the current price is 3104.37 USDT.
The recent price action shows a head and shoulders bottom pattern, which is a classic reversal pattern indicating that the market may turn from short to long.
Moving average analysis
Short-term moving average (7-day EMA): The price is trading around the 7-day EMA (3104.89 USDT), indicating that short-term market sentiment is unclear.
Medium-term moving average (30-day EMA): The price is close to the 30-day EMA (3093.10 USDT), and the medium-term trend needs to be confirmed.
Support and Resistance
First support level: The price is supported near 3000 USDT. If it falls below this level, it may fall further to 2800 USDT.
Second support level: The price has strong support near 2800 USDT. If it falls below this level, the price may fall further.
Resistance level: The upper resistance level is at 3200 USDT and 3400 USDT. If it can effectively break through this position, the probability of continuing to rise in the short term is relatively high.
Volume Analysis
Trading volume increased during the price rebound, but remained at a low level overall, indicating that market participants were more cautious.
The current volume has increased as prices rebounded, indicating a recovery in market sentiment.
CCI indicator
The CCI indicator is currently at 20.71, showing that market sentiment is neutral to weak.
If the CCI indicator rises back above 100, it will indicate that market sentiment is strengthening and prices are expected to rise further.
RSI indicator
The RSI indicator is currently around 50, showing that market sentiment is neutral and prices may remain volatile in the short term.
Future Trends Prediction
In the short term
Oscillating upward: The price may fluctuate between 3000 USDT and 3200 USDT. If it can break through 3200 USDT, there is a high probability that it will continue to rise in the short term.
Downside risk: If it falls below 3000 USDT, the price may drop further to 2800 USDT.
Medium to long term
Rebound after adjustment: If the price is supported near 3000 USDT or 2800 USDT and the trading volume increases, there may be a rebound opportunity.
Trend confirmation: If the price rebounds and breaks through 3200 USDT and 3400 USDT, the medium- to long-term trend will turn strong again.
Operational Strategy
Long Strategy
Buy on dips: When the price gets support near 3000 USDT or 2800 USDT and a rebound signal appears, you can buy in batches.
Breakout Buy: When the price breaks through 3200 USDT and the trading volume increases, you can buy according to the trend.
Short selling strategy
Short on rallies: When the price is blocked near 3200 USDT or 3400 USDT, consider shorting.
Breakthrough short selling: When the price falls below 3000 USDT, you can follow the trend and short sell.
risk control
Stop profit and stop loss settings
First stop profit: 3200 USDT
Second stop profit position: 3400 USDT
Stop loss: 2950 USDT
Position Management
Control your positions, build positions in batches, and do not invest all your funds in a single cryptocurrency to reduce risks.
Set strict stop-loss points when shorting to prevent losses from sudden market reversals.
Be flexible
Pay close attention to market news and technical changes, adjust operating strategies in a timely manner, and respond flexibly to market fluctuations.
Summarize
ETH has recently rebounded from a low level, and the short-term trend is unclear. The price fluctuates between 3000 USDT and 3200 USDT. The operation strategy recommends combining buying on dips and buying on breakthroughs, while looking for shorting opportunities near key resistance levels. Do a good job of position management and risk control
The crypto market is ever-changing, with technical aspects and market sentiment intertwined. Do you want to get more real-time market analysis and operation strategies? Combine technical aspects and market sentiment to make flexible response strategies.
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