Market Review
Ethereum closed positively on the weekly chart, but the support of the 3000 integer mark does not seem that far away. On the daily level, we need to be alert to the possibility of a second acceleration of short positions, and the upward resistance is around 3480.
technical analysis
Daily chart
Trend: Overall bullish, but be wary of a second acceleration in short selling.
Resistance level: 3480.
Support level: 3000 (weekly support).
Four-hour chart
Trend: The price is moving in the descending Bollinger Bands channel.
Short-term support: 3410.
Operation strategy: pay attention to rebound short-selling opportunities.
One-hour chart
Trend: Bollinger Bands are opening down.
Upward resistance: 3470.
Support level: 3380.
MACD indicator: short positions are accelerating.
KDJ indicator: It shifts horizontally and turns downward, indicating that the short-term 3460 forms an upward top and bottom conversion support.
Recommendations
Robust Strategy
Short on rebound: Place short orders in the 3470-3480 range, target 3380, and set stop loss at 3500.
Aggressive Strategy
Short-term short selling: short selling around 3460, target at 3400, stop loss set at 3480.
Summarize
Ethereum shows a strong trend of consecutive positive closings at the weekly level, but short-term technical indicators indicate the risk of accelerated short-selling. Investors are advised to remain vigilant and pay attention to short-selling opportunities after the rebound to ensure the robustness and effectiveness of trading strategies.
