1. K-line chart observation and review of yesterday's trend
Yesterday's trend: ETH price showed a wide oscillation pattern, with a low point at 3745.0 and a high point approaching 3990, indicating significant market volatility.
Moving average analysis:
The short-term moving average MA7 is rising, and the price is currently oscillating near it, showing short-term support.
The mid-term moving average MA30 (yellow) forms support, and the current level is roughly around 3825.88, with limited short-term downside potential.
The long-term moving average MA100 (purple) clearly supports price movement, currently located around 3745.0.
2. Bollinger Bands and trend indicators analysis
Bollinger Bands contraction: The upper and lower bands are gradually narrowing, indicating that market volatility is decreasing, and it may enter a range-bound fluctuation in the short term.
KDJ indicator:
KDJ forms a death cross at a high position (K value crosses below D value), indicating a short-term adjustment demand.
MACD indicator:
The fast and slow lines are operating above the zero axis, but the red momentum bars are weakening, indicating that market bullish strength is diminishing.
Trading volume:
The trading volume at yesterday's high point significantly increased, but with price adjustments, the volume decreased, indicating a profit-taking sell pressure in the market.
3. Today's market forecast and technical judgment
Combining technical analysis with yesterday's trend, today's price is likely to operate in the range of 3745-4000, the following are specific operational strategies:
Today's operating suggestions:
1. Short-selling strategy:
Entry point: 3900-3930 (close to yesterday's high resistance area)
Target level:
First take-profit level: 3800 (short-term support area)
Second take-profit level: 3750 (stronger support)
Stop-loss level: stop loss if it breaks above 3970
2. Long-buying strategy:
Entry point: 3750-3770 (near MA30 moving average support)
Target level:
First take-profit level: 3850 (yesterday's support turned resistance area)
Second take-profit level: 3900 (close to the lower edge of the resistance area)
Stop-loss level: stop loss if it breaks below 3700
The current ETH trend is in a phase of oscillation and repair, with the possibility of a pullback after a high spike or a rebound after a retest in the short term. Today's strategy needs to be adjusted flexibly; if it breaks above 3957.87 (yesterday's high), it needs to reassess the trend and guard against the risk of chasing highs.
Understanding market rhythm is the beginning of wealth control! Follow Lao Tan closely, layout in advance, and let the next peak belong to your account! Pay attention to Lao Tan, never let opportunities slip away!
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