Yesterday's Trend Review
ETH performance yesterday: The price fluctuated and failed to break through the upper resistance, but the lower support was relatively solid.
Technical signal: Yesterday's volatility mainly revolved around the 30-day moving average (MA30), and the market showed a trend of balanced long and short forces.
Sentiment Review: The market lacks a clear direction in the short term and is expected to choose a breakthrough between support and resistance.
Today's trend analysis
Moving average:
The current price is running around MA30 but still above MA100, indicating that the short-term trend is weak and the overall trend is still upward.
MA200 provides farther support, representing longer-term buying power.
Support and Resistance:
Resistance: 2,500 (psychological level + historical high resistance)
Support level: 2,350 (where MA30 meets the trend line)
Trend Lines:
From the chart, we can see that the rising trend line since the end of November is still valid, and the current trend line provides support around 2,350.
RSI: Currently close to 50, indicating neutral market sentiment.
MACD: Running near the zero axis, the momentum column is shrinking, indicating that the market direction is still unclear.
Specific operation suggestions and point settings
Direction 1: Bullish (Breakthrough resistance)
Entry point: When the price breaks through the resistance near 2,450, accompanied by a large volume signal, you can open a long position.
Opening position: 2,455-2,465 (enter the market after confirming the breakthrough)
First take profit level: 2,500 (short-term target)
Second take profit level: 2,550 (further target, strong resistance area)
Stop loss: 2,400 (if it falls back below the breakout area, exit with a stop loss)
Logic: If the price successfully breaks through the resistance level of 2,450, it means that the bulls are gaining strength and are expected to further challenge 2,500 or higher.
Direction 2: Bearish (break below support)
Entry Point: If the price falls below the 2,350 support level, you can open a short position.
Opening position: 2,345-2,335 (enter the market after confirming a breakout)
First take profit level: 2,300 (short-term support)
Second take profit level: 2,250 (trend low target)
Stop loss: 2,400 (if it rebounds above the support level, stop loss and exit)
If the price falls below 2,350, it may trigger a downward trend, with 2,300 and 2,250 as key support targets. ETH may have a false move of breaking up or breaking down. After opening a position, it is necessary to pay close attention to whether the price continues to run effectively in the target area. If the price does not break through 2,450 or falls below 2,350, it will maintain volatility, mainly selling high and buying low.
The above strategies are based on chart technical analysis and current market signals, and need to be flexibly adjusted in combination with real-time data!
