Chart observation:

  1. From the 1-hour and 4-hour charts, ETH is currently in a range of oscillation; the trend shows obvious multiple bottom rebounds, currently running above the short-term moving average, but the long-term moving average (MA100) is still in a downward trend.

  2. Recent high of 4109 and low of 3100 create a large range of fluctuations, but from yesterday's closing data, the price is gradually stabilizing in the 3350-3400 range, with increased volume in the short term, indicating intensified bullish-bearish competition.

  3. MA7 (short-term moving average) crosses above MA30, indicating short-term rebound momentum, but the MA100 downward pressure shows that the medium to long-term still remains weak.

Key support and resistance levels:

  • Support levels: 3350 (short-term support), 3250 (strong support).

  • Resistance levels: 3450 (short-term resistance), 3550 (strong resistance).

Today's operating strategy (based on chart analysis and real-time data):

  1. Opening position:

    • It is recommended to lightly test a long position in the current price range of 3395-3405, gradually increasing the position after breaking through 3450.

    • If the price pulls back to the 3350-3360 range, consider adding to the long position in batches.

  2. Take profit level:

    • First take profit level: 3450

    • Second take profit level: 3550 (short-term target)

  3. Stop loss level:

    • Strictly control risk, set the stop loss below 3300 to prevent a larger pullback caused by the price breaking through support.

Today's market direction forecast:

  • From a technical perspective, ETH may continue to oscillate in the 3350-3450 range in the short term, focus on the breakthrough of 3450; if the volume increases and stabilizes at this position, it is expected to test 3550.

  • If the price breaks below the 3350 support, it may test towards 3300 or even 3250, at which point the bearish forces may dominate.

Summary:

  • Current market sentiment is cautious, bullish forces are accumulating, but no clear breakout signals have been observed.

  • Focus on a range oscillation strategy, pay attention to the effectiveness of the 3350 support and the breakthrough of the 3450 resistance, strictly set take profit and stop loss to control risk.

ETH has many short-term opportunities today; do not chase blindly, operate steadily, and reasonable allocation can achieve higher returns! Follow Uncle Zhao for more market trend analysis and real-time strategies!