1. Daily analysis: short-term support level tested, short-selling forces prevail
From the daily chart, Ethereum (ETH) is currently priced at $2,467, which is in the short-term support area. MA5 ($2,517.57) and MA10 ($2,589.5) are in a downward trend, indicating that the market is in a correction phase in the short term. At the same time, MA120 ($2,743.02) is far away from the current price, indicating that there is a large resistance above.
The MACD indicator shows that the DIF line crosses the DEA line, and the red kinetic energy column increases in volume, indicating that the short-selling force is dominant and the market sentiment is relatively cautious. If the price can stabilize around $2,450, a technical rebound may occur in the short term.
Daily trading suggestion:
If the price finds support at $2450, a light long position can be arranged in the short term, with a target at $2550 and a stop loss set at $2420.
If the price breaks below $2450, it is recommended to observe or take a light position in short, with a target at $2400 and a stop loss set at $2470.
2. Four-hour analysis: Short-term correction in a downward trend, focus on bullish rebound
On the four-hour chart, ETH is currently consolidating in the $2450 range. The MA5 and MA10 moving averages are still pointing downwards, indicating a bearish overall trend in the short term. The MACD indicator's red momentum bars are gradually shortening, and the DIF line shows signs of flattening, indicating that bearish strength is gradually weakening, with a certain rebound correction expected in the short term.
If ETH stabilizes above $2460 and breaks through the $2500 line, a slight rebound is expected. However, if the price continues to decline, it may increase downward pressure.
Four-hour trading suggestion:
If the price breaks above $2500, light positions can be tried for long, with a target at $2550 and a stop loss set at $2470.
If the price breaks below $2450, a short position can be attempted, with a target at $2400 and a stop loss set at $2465.
3. One-hour analysis: Consolidating correction, short-term bulls attempting to exert strength
On the one-hour chart, ETH's price is repeatedly oscillating within the $2450 to $2500 range, showing a relatively volatile short-term trend. The MA5 and MA10 moving averages are gradually flattening on the one-hour chart, indicating that it may enter a period of consolidating correction in the short term. The MACD indicator shows that the red momentum bars are continuously reducing, with the DIF line and DEA line gradually approaching the zero axis, indicating signs of a potential bullish rebound in the short term.
If the price can break and stabilize above $2500, a further short-term rise may occur; however, if it continues to be blocked below $2500, the market may continue its weakness.
Hourly trading suggestion:
If the price breaks above $2500, it is recommended to take a short-term long position, with a target at $2530 and a stop loss set at $2485.
If the price cannot stabilize above $2500 and breaks below $2450, it is recommended to enter a short position in the short term, with a target at $2420 and a stop loss set at $2465.
4. Summary: Intensified struggle between bulls and bears, operate cautiously and wait for direction choice
Overall, ETH is currently near a short-term support level, with both bulls and bears engaged in intense competition in the $2450 area. Investors should closely monitor the breakout situation at $2500, operate cautiously, set reasonable stop losses to avoid passively chasing orders in market fluctuations. At the same time, it is recommended to control positions and wait for the market to clarify the direction before making further arrangements.
