Daily Line Analysis
From the daily chart, the current price of Ethereum is $2,627. It fell back after touching $2,630 yesterday, showing an overall oscillating pattern. The MA10 moving average (yellow) continues to rise, supporting the short-term upward trend, while the MA30 moving average (pink) forms a strong resistance near $2,670. In terms of the MACD indicator, the red bar chart has shortened, and the fast and slow lines are close to crossing at a high level, showing signs of weakening bullish power.
The current key support level is $2,600. If it falls below this level, it may further test the support level of $2,550. On the upside, if it can break through $2,630, it may usher in a new round of rising market, with the target looking at the $2,700 area.
Four-hour line analysis
The four-hour chart shows that the price of Ethereum fluctuates in the range of 2,600-2,630 US dollars in the short term, with a small overall fluctuation. The MA10 and MA30 moving averages gradually stick together, indicating that the market is in a wait-and-see mood and the direction is unclear. In the MACD indicator, the green bar chart shortens, and the fast and slow lines gradually form a golden cross below the zero axis, suggesting that bullish forces may be accumulating in the short term.
In the short term, if the price breaks through $2,630 and stabilizes, it may bring opportunities for further increases, with the upward target at $2,650. If the price falls below $2,600, it is necessary to pay attention to the support strength of $2,550.
One-hour line analysis
From the one-hour chart, Ethereum prices fluctuate frequently in the short term, showing market uncertainty. MA5 and MA10 moving averages are running together, and the short-term direction is unclear. In the MACD indicator, red bars gradually appear, and the fast and slow lines hover near the zero axis, indicating that the market has the potential to further rise in the short term.
In the short term, if the price can break through $2,630 and the trading volume increases, you can consider short-term follow-up, with the target around $2,650. If the price falls below $2,600, you should wait and see cautiously to avoid blindly chasing the rise and selling the fall.
Recommendations
The current price of Ethereum is $2,627. It may fluctuate in the range of $2,600-2,630 in the short term. Investors are advised to wait patiently for the market direction to be clear before making any operations. If the price breaks through $2,630 and the trading volume increases, you can consider entering the market in batches, with the target of $2,650-2,700. If it falls below $2,600, you should suspend operations and wait for further stabilization signals.
Risk Warning
The market is volatile, so you should control your positions and set stop-loss points when trading. Investors need to adjust their trading strategies based on their risk tolerance and avoid excessive pursuit of rising and falling prices.
