ETH /1h
K-line pattern analysis
As can be seen from the chart, ETH has been in a rebound trend recently and its current price is 3476.69 USDT.
The price began to rebound after receiving support near 3345.0 USDT and currently encountered short-term resistance at 3517.14 USDT.
Moving average analysis
Short-term moving average (5-day MA): The price is running above the 5-day MA (3468.11 USDT), indicating that the short-term market sentiment is relatively optimistic.
Medium-term moving average (10-day MA): The price is above the 10-day MA (3457.34 USDT), indicating strong market sentiment.
Long-term moving average (30-day EMA): The price is trading above the 30-day EMA (3441.58 USDT), indicating that the long-term market sentiment is relatively positive.
Bollinger Bands Analysis
Bollinger Band Upper Track (UB): 3503.48 USDT, indicating that there is great pressure from above.
Bollinger Band Lower Track (LB): 3373.56 USDT, indicating strong support below.
The current price is running above the middle line of the Bollinger Band (3438.52 USDT), indicating that market sentiment is strong.
Support and Resistance
First support level: The price is supported near 3450 USDT. If it falls below this level, it may fall further to 3400 USDT.
Second support level: The price has strong support near 3345 USDT. If it falls below this level, the price may fall further.
Resistance level: The upper resistance level is at 3517.14 USDT and 3550 USDT. If it can effectively break through this position, the probability of continuing to rise in the short term is relatively high.
Volume Analysis
Trading volume increased during the price increase, indicating strong buying power in the market.
The current trading volume has declined, indicating that market sentiment is cautious and wait-and-see.
CCI indicator
The CCI indicator is currently at 89.18, showing that market sentiment is strong.
If the CCI indicator continues to be above 100, it means that market sentiment is strengthening and prices are expected to rise further.
Future Trends Prediction
In the short term
Oscillating upward: The price may fluctuate between 3450 USDT and 3510 USDT. If it can break through 3510 USDT, there is a high probability that it will continue to rise in the short term.
Downside risk: If it falls below 3450 USDT, the price may fall further to 3400 USDT or lower.
Medium to long term
Rebound after adjustment: If the price is supported near 3450 USDT or 3400 USDT and the trading volume increases, there may be a rebound opportunity.
Trend confirmation: If the price rebounds and breaks through 3510USDT and 3550 USDT, the medium- and long-term trend will turn strong again.
Operational Strategy
Long Strategy
Buy on dips: When the price gets support near 3450 USDT or 3400 USDT and a rebound signal appears, you can buy in batches.
Breakout Buy: When the price breaks through 3510 USDT and the trading volume increases, you can buy according to the trend.
Short selling strategy
Short on rallies: When the price is blocked near 3510 USDT or 3550 USDT, consider shorting.
Breakthrough short selling: When the price falls below 3450 USDT, you can follow the trend and short sell.
risk control
Stop profit and stop loss settings
First stop profit position: 3490 USDT
Second stop profit position: 3530 USDT
Stop loss: 3440 USDT
ETH is in a rebound trend recently, and the short-term trend is strong. The price fluctuates between 3450 USDT and 3517.14 USDT. The operation strategy recommends combining buying on dips and buying on breakthroughs.
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