Daily chart analysis:
On the daily chart, Ethereum has gradually shown some support strength after rebounding from the low point recently. At present, it is generally maintained in the high consolidation stage. The long volume of MACD indicator has shrunk, but it is still in an upward trend. The key support level is $3,350 and the resistance level is $3,550. We need to pay attention to the breakthrough of these key levels in the future.

  • Key support level: $3,350

  • Key resistance level: $3,550

Four-hour chart analysis:
On the four-hour chart, Ethereum is currently running in the Bollinger Bands downward channel, showing an overall oscillating downward trend. The high pressure is around $3,490, and the lower support is around $3,410. In the short term, the price may continue to fluctuate within these ranges, and it is necessary to focus on whether these key levels will be broken.

  • Key support level: $3,410

  • Key resistance level: $3,490

One hour chart analysis:
On the one-hour chart, the Bollinger Bands began to close, showing signs of a short-term stop. Prices fluctuated at high levels, but we still need to pay attention to the breakthrough of key support and resistance levels. In the short term, it may continue to fluctuate within the current range.

  • Key support level: $3,430

  • Key resistance level: $3,480

Recommendations

Long strategy:

  1. Long orders are placed near the $3,350 support level, with a target price of $3,490. The stop loss is recommended to be set below $3,300 to prevent risks from sudden market fluctuations.

  2. If the price breaks through the resistance level of $3,490, you can consider continuing to hold long positions and raising the target price to $3,550.

risk control:

  1. Strictly set stop losses to guard against risks brought by sudden market fluctuations.

  2. Flexibly adjust positions according to market changes to avoid risks brought by excessively concentrated positions.

Market Observation

  1. Ethereum is currently at a critical technical point, and investors should pay close attention to market trends and respond flexibly.

  2. Be patient and wait for the market to clarify its direction, and seize the best trading opportunities during fluctuations.

Seize every market opportunity to make your investment more professional and successful!

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