ETH Today's Trend Analysis and Operation Suggestions
Yesterday, the price of ETH fluctuated at a high level and failed to break through the key resistance level of $2,650. Then there was a wave of correction, which was in line with yesterday's volatility expectations. Market sentiment is slightly cautious, and prices will continue to fluctuate in the short term.
 

From the chart, ETH has been volatile recently. After the price fell back from the high yesterday, it showed signs of stabilization. Combined with the analysis of multiple technical indicators, it is expected that ETH will continue to fluctuate today, but there is a certain rebound opportunity in the short term.
 


The main operation direction of ETH today should be to buy low and sell high, with a focus on the effectiveness of the support below $2520. Aggressive investors can enter the market near the support level, with the target being the high point of the range at $2650; conservative investors can wait for the price to pull back to $2520 before making any moves.

1. K-line pattern analysis

As can be seen from the figure, after several days of continuous rise, ETH failed to break through yesterday's high of $2,650, and then fell back to around $2,526. The K-line shows a clear upper shadow, indicating that there is a large selling pressure above, and the price may continue to fluctuate in the short term, but the support below is strong and the callback space is limited.

  • High: $2,650

  • Low: $2,526

2. Moving Average System Analysis

  • MA5 (US$2,595) and MA10 (US$2,529) are still in a bullish arrangement. Although the short-term upward momentum has weakened, the overall trend is still upward.

  • EMA7 ($2,536) and EMA30 ($2,589) are showing a short-term pullback, suggesting that the price may find support below near $2,520.

  • MA30 ($2,621) shows a strong resistance level, which needs to be broken in the short term to usher in a larger rise.

3. Trading volume analysis

Yesterday's trading volume increased, but the overall momentum was slightly insufficient, indicating that the long and short sides are still in a game. If the price continues to rise today and is accompanied by a large volume, ETH is expected to have further momentum to attack.

4. Technical indicator analysis

MACD：

  • The fast line and the slow line are still above the zero axis. Although the red momentum column has weakened, there is no obvious short signal, and there may still be room for upside in the short term.

RSI：

  • The RSI is in the 55-60 range, indicating that ETH is still in a neutral to strong area, and the price may face a small shock consolidation in the short term.

Bollinger Bands:

  • The current price of ETH is near the middle track of the Bollinger Band. In the short term, it tends to move closer to the upper track of $2,620. The middle track of the Bollinger Band provides a good support level.

5. Today's operation strategy

Based on the current technical situation, ETH's volatility range today is likely to fluctuate between $2520 and $2650. If the price breaks through the upper resistance of $2650, further upside will open up; if it falls below the lower support of $2520, we need to be alert to a deeper correction.

Operation suggestions:

Activist Investors:

  • You can go long with a light position when the price pulls back to around $2,530, with the target at $2,600-2,650 and the stop loss at $2,490.

  • If the price breaks through $2,650, you can increase your position with a target of $2,700.

ETH is expected to fluctuate between $2520 and $2650 today. If the trading volume increases and the price breaks through the upper resistance level, it may continue to rise; otherwise, it will maintain a volatile pattern in the current range.

Today's direction: Buy low, pay attention to the support of $2520 and the resistance of $2650, and guard against the risk of a correction after the price falls below the support level. Overall, ETH is still in an upward channel, but the short-term upward momentum has weakened. Investors are advised to operate with caution and set a reasonable stop loss.
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