ETH (Ethereum) candlestick chart and technical analysis, combined with recent market trends, we can draw the following reasonable predictions and operation strategies for ETH's short-term trends.
 

1. Yesterday's Trend Review

From the K-line chart, ETH experienced a significant rise yesterday, breaking through the key resistance level of 3,000 points and hitting a new high in a short period of time (close to 3,449 points). However, as the rise slowed down, there was a small correction. Although the market is still in a bullish trend, it may face technical adjustments in the short term.
 

2. Key technical support and resistance levels

The first support level: 3000 points. The current price of ETH has retreated to this support level. If the price stabilizes and rebounds to this area, it may form a short-term support. You can try to lightly position long orders.

The second support level: 2850 - 2870. If it falls below the 3000 support level, the next wave of support may be in this area, which is a relatively strong support zone. It is expected that the price will be supported near this position, which is suitable for looking for better buying opportunities.

Resistance level: 3160 - 3200 range. There is currently a strong pressure level above, especially around 3200 points. If this range is broken, ETH may usher in new upward momentum.

3. Stop Loss

Considering the current correction, it is recommended to set the stop loss below 2830 points. If the price falls below this level, it may mean an increase in downside risk in the short term, and stop loss can effectively avoid larger losses.

4. Comprehensive analysis and operational suggestions

From the technical indicators, ETH's 5-day moving average and 10-day moving average are still in a bullish arrangement, and the MACD indicator also shows a certain upward momentum. Therefore, ETH still has the potential to rebound in the short term.

In terms of operation, it is recommended to arrange a light long position around 3000 points, with the target looking at the resistance area of ​​3160-3200 points. If the price falls back to the range of 2850-2870 and stabilizes again, you can consider adding positions.

5. Today’s summary and direction

ETH may fluctuate around 3000 points today. If it goes down to around 2850 points, there is a high probability of rebound in the short term. Around 3200 points, ETH has a greater upward pressure, and a breakthrough of this point may usher in further growth. Considering the market volatility, the short-term fluctuation range is expected to be 100-150 points. It is recommended to remain flexible in operation and avoid excessive pursuit of gains and losses.

ETH's trend today is likely to show a shock consolidation mode, find short-term support near 3000 points, and may rebound. Focus on the resistance level near 3200 points. If it breaks through, it can continue to be bullish. When operating, be sure to control the position, set the stop loss reasonably, and avoid emotional trading.
The recent market turmoil has brought new investment opportunities. Through Lao Chen's in-depth analysis and data research, some potential high-return opportunities have been identified. Whether it is Bitcoin's momentum indicators or technical signals of other mainstream currencies, Lao Chen will provide you with detailed analysis to help you navigate the market with ease.

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