If you want to analyze the future trend of a certain currency, you can leave a message in the comment area, and the currency can be used as the subject of the next analysis. (The analysis results are only for technical reference, not as investment advice)
Price trend:
The recent price of ETH is 3789.69 USDT, showing a trend of shock consolidation. From the 4-hour chart, the price fluctuates between 3770 USDT and 3810 USDT, showing an overall shock and sideways pattern.
Moving average (MA):
Both the short-term moving average (MA7) and the medium-term moving average (MA25) are tilted upward, showing the bullish sentiment of the market. The current price fluctuates around MA7 and MA25, indicating that the market lacks a clear direction in the short term.
Trading volume:
As can be seen from the trading volume bar chart at the bottom of the chart, the trading volume remains stable during the price fluctuations, indicating that the interest of market participants remains at a certain level.
Future trend analysis and operation suggestions:
Short-term (a few days to a week):
Since the price fluctuates within the shock range, it may continue to maintain sideways consolidation in the short term. If the price can break through 3810 USDT and stabilize above it, there may be further room for growth. If the price falls below the support level of 3770 USDT, there may be a certain correction in the short term.
Medium-term (within a few weeks to a month):
If the price can continue to be above the moving average and the trading volume remains stable or increases, the medium-term bullish possibility is relatively high. In the medium term, attention should be paid to the support level of 3700 USDT and the resistance level of 3900 USDT. If the price breaks through the resistance level, there may be a new upward trend.
Operation suggestions:
Hold long positions: When the price breaks through and stabilizes above 3810 USDT, you can consider increasing your position.
Set stop loss: It is recommended to set a stop loss around 3700 USDT to prevent a sudden drop in price.
Wait and see: In the current range of fluctuations, it is recommended to wait and see and wait for the price to break through the key position before making a decision. Pay close attention to market dynamics and news: The cryptocurrency market fluctuates greatly, and it is necessary to keep abreast of relevant information and flexibly adjust the operation strategy.
In general, ETH currently shows a trend of consolidation and needs to be operated with caution, paying attention to changes in key support and resistance levels, as well as the impact of external market factors on prices.
