From the chart, this is the 4-hour candlestick chart of ETH/USDT, and the current price is 2673.90 USDT. The following is an analysis of the market:
Technical analysis
Moving average:
MA7 (7-day moving average) is at 2677.26, showing that the short-term price is slightly higher than the current price, indicating that there is a certain correction pressure in the short term. MA25 (25-day moving average) is at 2648.37, as a medium-term support, the price is above it, indicating that the upward momentum still exists. MA99 (99-day moving average) is at 2509.36, this position is a stronger long-term support, and the price is much higher than this, which means that the market has not yet entered a long-term downward trend.
Trading volume:
The current trading volume (12.679K ETH) is at a relatively mild level, indicating that the market trading sentiment is general, and there is no obvious increase or decrease in volume.
Price fluctuations:
The high point in 24 hours is 2700.36, the low point is 2650.00, and the fluctuation range is small, indicating that the recent market sentiment is conservative and may be in the consolidation stage.
Investment advice
Short-term operation: Since the price is close to MA7 and MA25, it is possible to consider buying low and selling high between 2670-2680 in the short term, which is suitable for short-term investors to find opportunities in small fluctuations. Medium and long-term layout: If the price falls below the MA25 support, you can wait for the price to approach 2500-2600 to build positions in batches. This position is close to the long-term moving average and has strong support. Risk control advice: In view of the small recent fluctuations, it is recommended to set a reasonable stop loss position. The short-term stop loss can be set near 2650, and the medium and long-term stop loss is recommended to be below 2500 to avoid excessive risks.
The market is currently in a period of shock consolidation, which is not suitable for chasing high operations. It is recommended to wait patiently for a clearer trend to appear before making a decision.
