#ETH $ETH ETH In-depth analysis of the day's market

I. Technical Overview

Today, ETH presents a complex situation of long and short interweaving on the technical side. From the short-term trend of 1 hour and 2 hours, the long forces have taken the lead, showing a certain upward momentum. However, when we broaden our horizons to the 4-hour level, it is not difficult to find that the short trend is still solid, and the current market seems to be in a state of long and short stalemate.

II. Key position analysis

In today's trading, the long and short watershed at the 4-hour level will be our focus. This position is near 3476.27. Once the price can successfully break through this position, the long side will be expected to take the initiative and lead the market into a new rising cycle. On the contrary, if the price is blocked and falls back at this position, the short side will continue its dominant position.

3. Target price forecast

Lower target price: In the case of a bearish trend, the price range we need to pay attention to first is 3410.76 to 3342.41. If the market continues to weaken, the price may further drop to around 3275.30.

Upper target price: If the bulls can successfully counterattack and break through the key resistance level, then 3553.58, 3566.08 and 3587.75 will become our expected rebound targets.

4. Trading strategy suggestions

In the current market environment where long and short positions are intertwined, investors are advised to remain cautious, keep a close eye on the short-term dynamics of the market, and capture the changes in the power of long and short positions in real time. In operation, set stop loss and take profit points reasonably to control risks and seize the opportunities brought by each wave of market conditions. At the same time, pay close attention to the potential impact of market dynamics and news events on the market so as to adjust trading strategies in a timely manner.

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