Daily Line Analysis
From the daily chart, the current price of Ethereum (ETH) is $2,635. In the past few days, ETH has fluctuated between $2,600 and $2,700, forming a relatively narrow consolidation range. The MA10 moving average (yellow) and the MA30 moving average (pink) show a trend of adhesion, indicating that the market is unclear in the short term. The MACD indicator shows that the fast and slow lines tend to stick together above the zero axis, and the red bar chart shortens, suggesting that the market momentum is weakening and the buyer's power is insufficient. The current focus is on the support level of $2,630. If it falls below this support level, it may trigger a larger correction.
Four-hour line analysis
In the four-hour chart, the price of ETH fluctuates repeatedly in the range of $2,600 to $2,680, indicating that there is a fierce competition between long and short sides in the short term. The MA10 moving average (yellow) has begun to flatten, and the short-term trend is unclear. The MACD indicator shows that the fast and slow lines are glued below the zero axis, and the red and green bar charts appear alternately, indicating that market sentiment is fluctuating. If the price breaks through the resistance level of $2,680, it may usher in a rebound, with the target above $2,700.
One-hour line analysis
The one-hour chart shows that the price of ETH will fluctuate in a narrow range of $2,630 to $2,650 in the short term. The MA5 moving average (yellow) and the MA10 moving average (pink) are intertwined, indicating that the market is in a wait-and-see mood. The MACD indicator shows that the fast and slow lines fluctuate near the zero axis, and the red and green bar charts continue to shrink. The market lacks a sense of direction in the short term. It is recommended to pay close attention to the support level of $2,630. If this position can be maintained, the price may rebound.
Recommendations
The current ETH price is $2,635. In the short term, the market is not volatile and the wait-and-see sentiment is strong. Investors are advised to wait patiently for the price to break through the key support or resistance level before entering the market. If the price can stabilize at $2,630 and rebound, you can increase your position appropriately, with the target at $2,680 or above; if it falls below the $2,630 support level, it is recommended to wait and see, and consider entering the market after the price stabilizes.
Risk Warning
Market sentiment fluctuates greatly. Investors are advised to control their positions, set stop-loss positions, and avoid blindly chasing ups and downs. At the same time, they should reasonably assess their own risk tolerance to ensure stable investment operations.
