K-line chart analysis and technical indicator observation show that ETH had a strong breakthrough yesterday. From the market perspective, the current bullish trend is obvious, but the battle between bulls and bears is gradually intensifying as it approaches high levels. The following is a technical analysis, price forecast, and today's operation recommendations based on real-time data.
Technical Analysis
Trend Judgment:
Yesterday, ETH surged to 3389.99 before experiencing a slight pullback, currently stabilizing around 3356.50.
Short-term moving averages (MA5 and MA10) show a bullish arrangement, with prices operating above the moving averages, indicating that upward momentum is prevailing.
The MA30 moving average is currently at the 3232 level, serving as the support baseline for short-term bulls.
Volume Observation:
Yesterday's rise was accompanied by increased volume, but the current trading volume has not significantly expanded, indicating cautious market sentiment.
The trading volume has not continued to increase, suggesting that this round of rise may have a short-term correction demand.
Key Support and Resistance:
First Support Level: 3320 (yesterday's short-term pullback point)
Second Support Level: 3250 (location of MA30)
Resistance Level: 3400 (integer psychological level and close to yesterday's high point)
Technical Indicators:
RSI: Currently at 68, close to the overbought area, but no obvious divergence has been observed. There is a possibility of further upward movement in the short term.
MACD: Showing a bullish expansion trend, with fast and slow lines operating above the zero axis, indicating that short-term momentum remains bullish.
Today's Forecast and Operation Recommendations
Short-term forecast direction: Fluctuating upward (mainly consolidating at high levels)
Today, ETH is expected to fluctuate between 3350-3400, with a focus on consolidation at high levels. If the bulls continue, they may attempt to break through 3400; if under pressure, it may test support at 3320 or 3250.
Specific Operation Recommendations:
Bullish Strategy:
Entry Position: 3320-3330 (entering in batches when close to support levels)
Target Position: First target 3400, second target 3450
Stop Loss Position: 3250 (if it falls below this level, the short-term bullish trend will be invalidated)
Bearish Strategy (high sell to speculate on corrections):
Entry Position: Can enter light short positions when encountering significant resistance at 3400-3420
Target Position: First target 3320, second target 3250
Stop Loss Position: 3430 (stop loss if it breaks through the resistance level)
Judgment based on yesterday's trend
Yesterday's strong breakthrough of ETH indicates a strong bullish sentiment in the short term, but the volume did not continue to increase after the rise, showing a certain divergence in the market regarding the current high levels. If it can hold the support at 3350 and test the resistance at 3400 today, there is a chance to further open up the upward space; if it falls below 3320, it may retrace to the vicinity of 3250 to seek support.
The current bullish trend of ETH is obvious, but short-term trading volume is insufficient, which may limit the upside space. Today, pay attention to the support at 3350 and resistance at 3400; it is recommended to primarily adopt a high sell low buy strategy, responding flexibly.
Summary of Views:
Today's expected fluctuation range is: 3320-3400.
The operation strategy mainly focuses on buying at support levels and shorting at resistance levels.
Optimistic about ETH's continued mid-term upward movement; if it breaks through 3400, the next target will be 3450.
Control positions, operate steadily, and flexibly respond to high-level fluctuation risks!
Recent market turbulence has brought new investment opportunities. Through in-depth analysis and data research by Lao Chen, some potential high-return opportunities have been identified. Whether it's Bitcoin's momentum indicators or technical signals of other mainstream coins, Lao Chen will provide detailed analysis to help you navigate the market with ease.
#比特币突破10万？ #聚焦比特币 #ETH🔥🔥🔥🔥 #BTC何时突破10万？ #非BTC板块市场走势 $BTC $ETH $SOL
