Moving Average Analysis
MA7 (Short-term Moving Average): The current price is slightly below MA7, indicating that the short-term trend is still in an adjustment phase, but MA7 has started to slightly turn upwards, which may indicate strengthened short-term support.
MA30 (Medium-term Moving Average): The medium-term trend remains bearish, with MA30 forming significant resistance. In the short term, attention should be paid to whether it can effectively break through the MA30 resistance.
MA100 (Long-term Moving Average): The price is still well below MA100, indicating that the overall trend is still in a downward channel, with limited rebound space.
Support and Resistance Levels
Support Level: The current important support is around 3350 (a key area confirmed by multiple K-line dips); if broken, it may retrace to 3250-3100.
Resistance Level: Recent strong resistance above is at 3450 (close to the MA30 position), and the next resistance after breaking is at 3550.
Volume
Recent K-line trading volume shows a contraction adjustment, indicating cautious market sentiment. However, if there is a rebound with increased volume, a short-term rebound trend is expected.
Technical Indicators
MACD: The DIF line and DEA line are in a sticky state below the zero axis, with green bars shortening, indicating a decline in bearish momentum, and a golden cross may follow.
KDJ: Gradually turning upwards from a low position, it may enter a rebound correction cycle in the short term.
Opening Position: It is recommended to lightly open long positions in the 3360-3380 range, waiting for a confirmation of the breakout.
First Take Profit Level: Target price 3450, which is a short-term resistance level; partial positions can be reduced here.
Second Take Profit Level: If it can break through the 3450 resistance with volume, it can look towards 3550-3600.
Stop-Loss Level: Strictly set stop-loss below 3320 to prevent further declines triggered by breaking support.
Today's Direction Prediction: From yesterday's ETH trend, the price rebounded slightly after touching the support area, indicating that there is some bullish strength in the current market. If the price can stabilize above 3400 after the market opens today, it is expected to test the 3450 resistance level in the short term; if it breaks below the 3350 support, it may dip into the 3250-3300 range.
During operations, it is crucial to observe whether trading volume continues to expand in the rebound market, and whether the price can stabilize above the key resistance level of 3450.
Currently, ETH shows signs of short-term rebound and repair, but the medium to long-term trend remains bearish. Operations should remain cautious, strictly controlling positions and risks. It is recommended to focus on long positions in the support range for the short term, but if key support is broken, timely stop-loss should be executed.
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