ETH Technical Analysis and Today's Forecast
Technical Analysis
Moving Average (MA):
The 5-day moving average is currently at 2594.33, and the price is slightly below the 5-day moving average, indicating that the price may continue to be under some pressure in the short term.
The 10-day moving average is at 2612.98, and the price is close to the 10-day moving average. If the price can rebound today and stand above the 10-day moving average, it is expected to rise further.
The 30-day moving average is 2613.65, which forms a relatively close pressure range with the 10-day moving average. If the price can break through this range, it will further consolidate the upward trend.
Bollinger Bands:
The middle track of the Bollinger Band is at 2619.68, and the current price is close to below the middle track of the Bollinger Band, indicating that the market may fluctuate repeatedly near the middle track.
The upper Bollinger Band is at 2684.10, and the lower Bollinger Band is at 2555.25. The Bollinger Band opening is relatively stable, indicating that the current market volatility is limited, but it is possible to trigger a certain rebound or pullback when touching the upper and lower Bollinger Bands.
CCI（Commodity Channel Index）：
The CCI indicator is currently at **-81.64**, showing that the market is in an oversold range and there is a possibility of a price rebound in the short term, especially if the price is effectively supported near the support level.
Volume:
Yesterday's relatively low volume showed that market participants were cautious and stronger volume might be needed to push prices above the current resistance zone.
Today's operation suggestions
Based on current technical analysis, here are today's operational recommendations and key points:
First support level: 2550 (key support in the short term, if the price is supported here, a rebound is expected)
Second support level: 2520 (if it falls below this support level, it may fall further to around 2500 points)
First resistance level: 2610 (important resistance in the short term. If this resistance can be broken, the price is expected to rise further)
Second resistance level: 2640 (if this resistance level is broken, the price may rise to around the upper Bollinger Band 2680)
Stop loss: 2520 (if the price falls below this level, it indicates that the decline may intensify and it is necessary to stop loss in time to control the risk)
Today's operation strategy
Short strategy: If the price fails to break through 2610 and continues to fall, consider shorting with a light position, with the target at 2550 and the stop loss at 2620.
Long strategy: If the price can break through 2610 and stabilize above it, consider going long with a light position, with the target at 2640 and the stop loss at 2580.
Overall, ETH may fluctuate and consolidate in the range of 2550 to 2640 today. If market sentiment improves, the price is expected to break through 2610 and further test 2640, but in the absence of a significant increase in trading volume, it is still necessary to be cautious in dealing with possible repeated market fluctuations. Investors are advised to pay close attention to key support and resistance levels, flexibly adjust operating strategies, and ensure that risk control is in place.
Direction suggestion: It is still recommended to maintain a cautious wait-and-see attitude today and wait for the market to give a clear direction signal. If the market breaks through 2610, you can consider following up with long orders with a light position, but you should note that the upper resistance may be strong and it is not advisable to chase too high.
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.
Click on the Boshi homepage to get daily market analysis and recommendations on high-quality potential currencies.
#新币挖矿DOGS #杰克逊霍尔年会 #美联储何时降息？ #新币挖矿TON #美国CPI数据连续第4个月回落 $BTC $ETH $BNB
