4-hour line

According to the chart and the current K-line pattern, the technical analysis of ETH (Ethereum) shows that it is in a shock adjustment phase in the short term, and the overall trend is still suppressed by the upper resistance.
1 hour line

analyze

Moving average system (MA5, MA10, MA30):

Currently, MA5 (2324.01) and MA10 (2315.64) are showing a downward trend, indicating that the selling pressure in the short term is still strong. MA30 (2349.65) forms an important pressure level above, indicating that it is difficult for bulls to break through this resistance in the short term.

EMA (7 days) also remains near $2331.64. This moving average position will become a key point for short-term bull and bear competition.

K-line pattern:

Yesterday's K-line closing showed that the market had some support near $2,327, and there were some signs of rebound in the short term, but the rebound was not strong enough and the reversal has not been confirmed. The recent K-line pattern showed that the negative line dominated, indicating that the short-selling force was dominant.

After falling to $2,150 on September 6, ETH showed signs of rebounding, but the strong resistance in the $2,400-2,450 range above limited the rebound space.

Volume:

The trading volume has not increased significantly, and the market liquidity is low, indicating that the market is in a wait-and-see mood. It should be noted that if the trading volume is accompanied by a price breakthrough, it may indicate a change in short-term direction.

Today's forecast and operation suggestions

Combining yesterday's trend and today's K-line pattern, ETH is expected to remain in the range of $2320-2350 in the short term, with the possibility of testing the support level downward. The current market lacks strong rebound momentum and may see further corrections in the short term.

The first support level: $2,300. As a strong support level in the short term, if the price falls to $2,300 and shows signs of rebound, you can consider short-term long positions.

Second support level: $2250. If the price falls below $2300, it may further test $2250, which is another important support area. It is recommended to wait and see for a rebound confirmation.

Resistance level: $2350. If the price successfully breaks through $2350 and is accompanied by increased trading volume, it is expected to rise further to the $2400-2450 range in the short term.

Stop loss setting

Considering the uncertainty in the market, it is recommended to set the stop loss below $2,250. If the price falls below $2,250 and fails to rebound quickly, it is recommended to stop loss and exit the market to prevent further downside risks.

Today's operation suggestions

For the aggressive ones, you can try a light long position when the price approaches $2,300. If the price stabilizes and rebounds around $2,300, the target will be $2,350, and the stop loss will be set below $2,250.

Conservatives: It is recommended to enter long orders after ETH breaks through $2,350 and stabilizes, with the target at the $2,400-2,450 range, and the stop loss can be set at $2,300.

Risk Warning

The market is currently in a stage of shock adjustment, with heavy short-selling pressure. If the price loses the key support level (US$2,250), it may further decline to US$2,150 in the short term. Therefore, it is necessary to operate with caution, reasonably control positions and set stop losses.

ETH's short-term trend today is expected to fluctuate in the range of $2320-2350. If it falls to around $2300 and stabilizes, it may usher in a short-term rebound. Investors are advised to remain cautious in the current market environment, enter the market in batches, and do a good job of stop loss and risk control to avoid blindly chasing ups and downs.

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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