1. K-line chart analysis and market status

From the 1-hour K-line chart of ETH/USDT in the figure, after ETH fell from the high point of 2819 USDT, the price has not been able to effectively stand above 2500 USDT. The current price is hovering around 2481 USDT, and it has not been able to break through the key pressure level in the short term. The market bullish force has weakened. If the price fails to effectively stand at 2500 USDT, it will face the risk of another correction.

Market psychology: After yesterday's rebound attempt, the bullish force is gradually consumed, and the bears are gradually taking the initiative, which may further suppress prices.

2. Technical indicators and trend forecast

  1. Moving Average (MA)

    • MA(5)：2501.35 USDT

    • MA(10)：2502.49 USDT

    • MA(30)：2514.50 USDT

The price is currently constrained by MA(5) and MA(10). If it fails to break through, it will face further downward pressure.

  1. Volume

    • The trading volume has not increased significantly, indicating that the market has a heavy wait-and-see sentiment and that short forces may gradually take over.

  2. Relative Strength Index (RSI)

    • The RSI is close to 40 and if it falls further, it will open up greater downside space.

3. Operation suggestions and stop-profit and stop-loss

Prediction: If ETH/USDT fails to break through 2500 USDT and falls below the 2440 USDT support level, it may fall back to the 2400 USDT area.

Operation suggestions:

  1. First take profit position

    • 2440 USDT. If the price falls below this level, it is recommended to partially take profit and lock in initial profits.

  2. Second take profit position

    • 2400 USDT. If the price continues to fall to this level, you can consider taking all profits.

  3. Stop Loss

    • 2520 USDT. If the price breaks through this resistance level, it indicates that the bearish trend is invalid and it is recommended to exit with a stop loss.

Position building strategy: It is recommended to enter the market and short when the price cannot break through 2500 USDT, with the target at 2440 USDT. Pay attention to the setting of stop loss to prevent market volatility risks.

4. Summary and Direction Suggestions

ETH/USDT is currently facing strong resistance. If it fails to break through 2500 USDT, it may fall further. Investors are advised to pay close attention to market trends and changes in trading volume, set reasonable stop-profit and stop-loss positions, and control risks.

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