Daily Line Analysis
As of September 25, the price of Ethereum (ETH) was $2,642. From the daily chart, after rising for several consecutive days, the current price of ETH is approaching the key resistance level of $2,700. Both MA10 ($2,516) and MA30 ($2,444) are showing an upward trend, indicating that the market is still biased towards bulls in the short term.
From the MACD indicator, the fast line continues to rise, the slow line gradually approaches the zero axis, the green bar chart shrinks significantly, and the market bulls have strengthened. If the price can stand firm at $2,640 and further break through $2,700, a new round of upward waves may begin.
The short-term support is at $2,510. If the correction does not fall below this level, the overall market will still maintain a strong upward trend.
Four-hour line analysis
The four-hour chart shows that the price of Ethereum is gradually approaching the resistance level of $2,700 in the recent rebound. The current price is above the short-term moving averages (MA5, MA10), and the market performance is relatively strong. MA120 is at $3,019, far away from the current price range, and will not pose a threat to the market in the short term.
From the MACD indicator, the fast and slow lines continue to spread above the zero axis, and the red bar chart has increased significantly, indicating that the short-term upward momentum is strong. If ETH can successfully break through $2,700, it is expected to further attack $2,750.
The short-term support level is $2,600. If the price pulls back to this level, there may be strong buying support.
One-hour line analysis
The one-hour chart shows that ETH is fluctuating around the high of $2,640 in the short term, and MA5, MA10, and MA30 are all diverging upward, indicating that the market is still biased towards bulls. The current K-line is gradually approaching $2,700. If it can break through this resistance level in the short term, it may trigger a new round of rising market.
From the MACD indicator, the red bar chart has shrunk slightly, and the fast and slow lines are glued above the zero axis, so we need to guard against the risk of a short-term correction. If a correction occurs, pay attention to the support strength of the $2,600 level, and further support at $2,550.
Recommendations
Currently, Ethereum is fluctuating around $2,640. Investors are advised to lightly position long orders, with the target at $2,700 and $2,750. If it falls back to $2,600 in the short term, you may consider adding positions. It is recommended to respond flexibly and set the stop loss below $2,550 to prevent short-term callback risks.
