#加密市场盘整 1. Large cycle suppression line

Large cycle suppression line: The suppression line formed since the high point in 2021 has long been an important resistance in the market.

Breakthrough: ETH briefly broke through the suppression line and currently fell back to around 3870, showing that there is a certain selling pressure above, and $4,000 is still the psychological resistance level of the market.

2. Current trend judgment

Confirmation of the retracement after the breakthrough:

If the price can stop falling and stabilize near the suppression line and break upward again, it will confirm an effective breakthrough, which will open up space for further gains.

Callback risk:

If the price continues to fall and falls back below the suppression line, market sentiment may weaken, and the bulls may lack strength. The support area near $3,500 may be tested again in the short term.

3. Key points

Upper pressure:

$4,000: It has been tested many times recently but has failed to stand firm.

If it effectively breaks through the $4,000-4,100 area, ETH is expected to challenge $4,500 or even higher.

Support below:

$3,500: An important low point support formed in the recent bullish offensive.

Falling below $3,500 will change the short-term structure, so we need to wait and see cautiously.

4. Market sentiment and trading strategy

Confirmation of breakthrough:

If the subsequent weekly closing can stand firmly above the large cycle suppression line (around $4,000), it can be regarded as a valid breakthrough, and further look to $4,500.

Strategy: Go long with the trend, and set the stop loss below the suppression line.

Retracing support:

If the price falls back to the $3,500 area and stabilizes and stops falling, it is a good opportunity to buy low.

Strategy: Layout at a low level, and set the stop loss below $3,480.

Falling below the suppression line:

If the price falls back below the suppression line, the short-term trend will weaken, and we need to be cautious.

Strategy: Wait and wait for the market to stabilize.

5. Summary

The large cycle suppression line is the current key technical point of ETH. Whether it can effectively break through and stand firm will determine the subsequent trend.

Focus on the breakthrough of $4,000-4,100 above.

Support below: Stop-loss signal in the $3,500 area.

It is recommended to respond flexibly in terms of operation, go long when the price breaks through the trend, buy low when the price falls back to the key support, and wait and see when the price falls below the support.

Continue to pay attention to the weekly closing performance and the market's reaction at key positions.