The candlestick chart analyzes the recent trend of Ethereum (ETH). Combined with yesterday's market direction, we can come up with a reasonable price forecast and operation strategy for today.

Technical Analysis

1. Current Trends

  • Daily level: ETH rebounded from the low of 2356 USDT in early November, and the recent high appeared at 3449 USDT, forming an obvious bullish trend. However, the price has fallen back from the high and has now fallen back to 3050 USDT, close to the short-term support level.

  • Moving average system:

    • MA5 (short-term moving average): is around 3188, indicating that short-term prices are showing signs of falling.

    • MA10 and MA30: The current support is concentrated around 3000 USDT, indicating that short-term adjustments are more likely.

  • Trading volume: After fluctuating at a high level, the trading volume began to shrink, indicating that both bulls and bears entered a wait-and-see state.

2. Support and resistance levels

  • First support level：3000 USDT
    It is the current key psychological support level and also the low point range of yesterday. If this position holds, the short-term trend will stabilize and rebound.

  • Second support level：2900 USDT
    If it falls below 3000, it may further test this strong support area, and the downside is expected to be limited.

  • First resistance level：3180 USDT
    It is the current short-term rebound pressure level. After breaking through, it may rise to 3300.

  • Second resistance level：3300 USDT
    The high area of ​​yesterday's adjustment can be further tested if the volume cooperates.

3. Technical indicators

  • MACD indicator: There are signs of a death cross in the short term, indicating that the market is weak, but the green momentum column has not expanded, and the strength of the correction still needs to be observed.

  • RSI indicator: in the neutral area (40-50), indicating limited short-term fluctuations.

Today's operation suggestions

Short-term strategy

  1. Position building strategy:

    • Aggressive investors: Try to arrange a light position in the 3000-3050 USDT area, with the target at 3180.

    • Conservative investors: Wait for the price to approach the 2900-2950 USDT support level before building positions in batches to avoid chasing high prices.

  2. Stop loss level: Set at 2880 USDT. If the price falls below this level, you need to stop loss and exit the market to avoid the risk of further decline.

  3. Target position:

    • First target: 3180 USDT

    • Second target: 3300 USDT

Mid-term strategy

The current market is still in the adjustment stage. It is recommended to pay attention to whether the price can hold the support of 3000 USDT, and gradually increase positions at low levels, waiting for the market to rebound.

Summary and direction prediction

ETH may maintain a range of 3000-3180 USDT today. If it holds 3000, it is expected to gradually rebound to 3180 or even 3300; if it falls below 3000, it may test 2900. The overall direction is oscillating.

  • Bullish reasons: 3000 is the key psychological support, while the technical side shows short-term oversold, and is expected to rebound.

  • Risk point: If it falls below 3,000 and is accompanied by a large decline in volume, the short-term adjustment range may increase.

Operation suggestions:
Conservative investors use 3000 USDT as the watershed, build positions in batches near the support area, and flexibly adjust positions; aggressive investors can try to capture small-band opportunities that rebound to 3180.

Uncle Qian has been deeply involved in the cryptocurrency circle for many years, and I know very well how precious and ever-changing market opportunities are. In order to help everyone seize every opportunity in the ever-changing market, Uncle Qian will continue to provide you with the latest market analysis and professional trading strategies.
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