Based on the K-line chart data of ETH, combined with the technical indicators of moving averages (MA) and Bollinger Bands (BOLL), we make the following analysis and operational strategy for ETH's market trend today.

1. Review of yesterday
The price of ETH experienced a noticeable correction yesterday, quickly falling from the high around 4100 to the range of 3800-3850, showing an overall weak oscillation pattern.

  1. Technical indicators

    • Moving averages: Short-term MA5 (3456.41) and MA10 are crossing downward, indicating increased short-term pressure.

    • Bollinger Bands: The price of ETH has gradually approached the lower band (BOLL lower band at 3869.06), indicating some support in the short term, but the strength of the upward rebound is yet to be verified.

    • Trading volume: Relatively low, and the market trading atmosphere is cautious.

2. Today's market forecast

Based on the comprehensive K-line shape and indicators, today's ETH market may show an oscillating rebound, but there is significant pressure above, and caution is needed in chasing prices. If it breaks through the key resistance level, there is expected rebound space; if it loses support, the price will further correct.

Direction bias: Mainly oscillating upward, beware of high pullbacks.

3. Operational strategy

  1. First take-profit level: 3900-3920 range

    • If ETH successfully breaks through short-term resistance, the first take-profit level is set in this range.

  2. Second take-profit level: 4000-4050 range

    • If market sentiment improves and prices continue to rise, the second take-profit level can be observed near the middle band of the Bollinger Bands.

  3. Stop-loss level: 3800 points

    • If ETH falls below the 3800 mark, the market may weaken further, and strict stop-loss measures are required.

4. Technical details reference

  1. Support level: 3800

    • This position is the low support that has been tested multiple times recently. If it holds, there is a chance for a rebound.

  2. Resistance level: 3900-3950

    • This range is the first important resistance area during the short-term rebound, and we need to observe the breakout momentum.

  3. Dynamic reference for BOLL band

    • ETH is currently near the lower band. If it stabilizes above 3870 today, the middle band of the Bollinger Bands will gradually converge, and there will be upward correction space.

ETH's short-term trend is oscillating. If it can hold above 3800 points, the expected rebound target is between 3900-4050 points. It is recommended to operate steadily, mainly buying on dips, while controlling risks and guarding against sudden price corrections.

Clear direction: Short-term rebound, reasonable targets, controllable risks!
The market changes rapidly; watching the market is key. Be patient and wait for confirmation of key support and breakout points.

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