$ETH
ETH/USDT Daily Line Point Analysis and Long/Short Direction Forecast
Market Analysis
ETH current quote $3,268.39, daily decline of 1.04%. From the daily chart, ETH has recently formed a pullback at the high point of $4,107.80, the price has broken below the MA7 and MA25 moving averages, and the bearish trend is obvious. The MA99 moving average below provides some support, and the MACD has continued to expand after the death cross, indicating that the market's bearish sentiment is strong.
Key Levels
• Support Levels: $3,200, $3,087, $2,900
• Resistance Levels: $3,400, $3,500
Long/Short Direction Forecast
In the short term, ETH has a tendency to approach the support level of $3,200. If it breaks below this level, it may further drop to $3,087 or even lower. If it rebounds and stabilizes at $3,400, it may test the resistance range of $3,500.
Operational Suggestions
1. Long Position Strategy:
• Entry: Stabilizing around $3,200
• Take Profit: $3,400, $3,500
• Stop Loss: $3,100
2. Short Position Strategy:
• Entry: Entering at $3,400 where resistance is met
• Take Profit: $3,200, $3,087
• Stop Loss: $3,500
Summary
The bearish trend of ETH has not yet ended, and the short-term rebound strength is limited. It is recommended to test with light positions, closely monitor the support at $3,200 and the breakthrough of the pressure at $3,400, and strictly implement the stop-loss strategy to control risks.