1. Daily Line Analysis
On the daily chart, the current price of ETH is $2,411, and the recent trend shows that the price has continued to fall since mid-August. In the moving average system, MA10 (short-term moving average) and MA30 (medium-term moving average) form a "death cross", indicating that the short trend is obvious and the market sentiment is still bearish. In the MACD indicator, the DIF line and the DEA line are both running below the zero axis, and the green energy column continues to expand, suggesting that the short momentum has not yet been fully released.
Around $2,411, ETH has tried to rebound several times, but has failed to effectively break through the upper resistance level. If the price falls further, the next support point on the daily level is around $2,300. If the bulls can hold $2,400 and exert their strength, the short-term rebound target can be seen at $2,500.
2. Four-hour line analysis
On the four-hour chart, ETH is currently in a falling channel. The MA10 moving average is still suppressing the price, and the price is below each moving average, indicating that the bears are in control. The green column in the MACD indicator has shrunk, indicating that the bears are still strong, but have weakened.
$2,400 is the current key short-term support. If this position is effectively held, ETH may see a small rebound, with the target at $2,450-2,480. On the contrary, if $2,400 is lost, it may further drop to $2,350 or even $2,300.
3. One-hour line analysis
The one-hour chart shows that the price of ETH is in a state of consolidation in the short term. The price has tried to break above $2,450 several times, but has failed to form an effective breakthrough. MA5 and MA10 moving averages continue to suppress price increases, and there is insufficient upward momentum in the short term. The green column of the MACD indicator is gradually shrinking, indicating that the short-selling force is weakening, and there may be signs of an oversold rebound in the short term.
In the short term, ETH's support level is around $2,400, and its resistance level is $2,450. If it can effectively break through the resistance of $2,450, it may see a rebound to $2,500 in the short term. Otherwise, the price may continue to fluctuate in the $2,400-2,450 range.
4. Operational Suggestions
Short-term strategy: The current price of Ethereum is $2,411. Short-term investors can consider going long with a light position in the $2,400-2,420 range, with a target of $2,450-2,500. If the price falls below the $2,400 support level, consider covering positions in the $2,350-2,370 range.
Medium and long-term strategy: Medium and long-term investors can gradually arrange long orders when the price stabilizes above $2,400, with the target of $2,500 and $2,600. If the price falls below $2,300, it is recommended to continue to wait and see and wait for a better entry opportunity.
Risk control: For short-term operations, the recommended stop loss is below $2,350, and for medium- and long-term operations, the recommended stop loss is below $2,300. The market is volatile, so it is recommended to strictly control positions and set reasonable stop-profit and stop-loss settings.
Summary: Ethereum is currently in a critical stage of shock adjustment. $2,400 is an important short-term support. If it can hold this level, it is expected to rebound above $2,450. If this support is lost, it may further drop to $2,300. Investors need to flexibly adjust their operating strategies according to market trends, remain cautious, and avoid chasing ups and downs.
