ETH candlestick chart, we combine technical analysis and real-time data to predict today's ETH market price trend and operation suggestions as follows:
Trend Review
From the chart, it can be seen that ETH has shown a trend of oscillating downward in recent trading days, reaching a low point of $3100 and then rebounding to some extent. Currently, the price is running around $3330. The short-term moving averages (MA5, MA10) still pressure the price, while the lower Bollinger Band has stabilized, indicating a short-term rebound demand, but upward pressure remains evident.KDJ Indicator Analysis
The KDJ indicator shows that the K and D values have rebounded from the oversold area, but overall they are still at a low range, indicating that the rebound strength is weak and may face downward pressure at any time.Trading Volume
The trading volume has shown signs of increasing during the previous decline, while the current rebound trading volume has decreased, indicating that the capital's recognition of the rebound is low, and the short-term trend is more inclined towards technical correction.
Operation Suggestions
Today's Market Price Prediction and Strategy
First Support Level (Take Profit Level 1): $3280
This level is near yesterday's low point and also serves as support at the lower Bollinger Band. If the price falls back to this area, there is a likelihood of support; long positions can be attempted at this level.Second Support Level (Take Profit Level 2): $3200
If the first support level is broken, pay attention to the $3200 area, which is a psychological barrier and a key point in the downward channel.Stop-Loss Level: $3100
This level is the previous lowest point; if the price falls below this point, the short-term trend will turn bearish, and decisive stop-loss action is required.
Upper Resistance Level
First Resistance Level: $3400
This is the resistance level near the short-term moving average; if the rebound fails to break through this area, it is recommended to reduce long positions and observe.Second Resistance Level: $3500
This is the area of pressure at the middle Bollinger Band; only after breaking through may there be further rebound space.
In the short term, ETH is likely to continue its consolidation today, with the range expected to be between $3280 and $3400. It is recommended that investors closely monitor the above support and resistance areas, accumulate long positions on dips, but must strictly set stop-loss levels and be wary of the risk of a pullback due to weak rebounds.
Preferred direction: inclined towards a short-term low-buy high-sell strategy, seizing wave opportunities within the $3280-$3400 range.
Welcome everyone to share your views, or to provide better supplements to this strategy~
