1. K-line chart observation and review of yesterday's trends

  1. Yesterday's trend: ETH price showed a wide range of fluctuations, with a low of 3745.0 and a high approaching 3990, indicating significant market volatility.

  2. Moving Average Analysis:

    • The short-term moving average MA7 is rising, and the price is currently fluctuating near it, indicating short-term support.

    • The medium-term moving average MA30 (yellow) is forming support, currently around 3825.88, with limited short-term downside potential.

    • The long-term moving average MA100 (purple) is clearly supporting price movements, currently around 3745.0.

2. Bollinger Bands and Trend Indicator Analysis

  1. Bollinger Bands Converging: The upper and lower bands of the Bollinger Bands are gradually narrowing, indicating that market volatility is decreasing, and there may be a range-bound fluctuation in the short term.

  2. KDJ Indicator:

    • The KDJ is forming a death cross at a high position (K value crossing below D value), indicating a need for short-term adjustment.

  3. MACD Indicator:

    • The fast and slow lines are operating above the zero axis, but the red momentum bars are weakening, indicating that the bullish momentum in the market is diminishing.

  4. Trading Volume:

    • The trading volume at yesterday's high point has significantly increased, but with price adjustments, the volume has decreased, indicating selling pressure from profit-taking in the market.

3. Today's market prediction and technical judgment

Combining technical analysis with yesterday's trends, today's price is likely to operate within the range of 3745-4000. Here are the specific operation strategies:

Today's operation suggestions:

1. Short Selling Strategy:

  • Entry point: 3900-3930 (close to yesterday's high resistance area)

  • Target Price:

    • First Take Profit Level: 3800 (short-term support range)

    • Second Take Profit Level: 3750 (stronger support)

  • Stop Loss Level: Stop loss if it breaks through 3970

2. Long Buying Strategy:

  • Entry point: 3750-3770 (near MA30 moving average support)

  • Target Price:

    • First Take Profit Level: 3850 (yesterday's intraday support turned resistance area)

    • Second Take Profit Level: 3900 (near the lower edge of the resistance area)

  • Stop Loss Level: Stop loss if it falls below 3700


The current ETH trend is in a consolidation phase, with the possibility of a pullback after a rise or a rebound after a retest in the short term. Today's strategy needs to be flexibly adjusted; if it breaks through 3957.87 (yesterday's high), the trend needs to be reassessed to guard against the risk of chasing highs.

Understanding the market rhythm is the beginning of wealth management! Follow Lao Tan closely, plan ahead, and let the next peak belong to your account! Follow Lao Tan, and never let opportunities slip away!

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