Daily analysis (September 28)
From the daily chart, Ethereum is currently priced at $2,699, close to the key psychological barrier of $2,700. MA10 ($2,611) and MA30 ($2,459) are in a bullish arrangement, with strong support. The MACD indicator continues to rise, and the green column momentum increases, showing the continuity of the upward trend. At the same time, Ethereum has broken through the previous high of $2,727 and is expected to continue to challenge the resistance level of $2,800. Overall, the trend at the daily level is still biased towards bulls, and the market outlook is expected to continue to rise.
Four-hour line analysis
On the four-hour chart, Ethereum has performed steadily in the short term, with prices continuing to stand above the MA10 and MA20 moving averages, which are gradually moving up, indicating that the bulls are relatively strong. The current oscillating upward trend is obvious, and MACD is also running above the zero axis, showing an increase in upward momentum. If the trading volume can be further enlarged, it is expected to hit the pressure level near $2,727 in the short term, and further test $2,800 after breaking through.
One-hour line analysis
The one-hour chart shows that the price is consolidating in a narrow range around $2,690-2,700, and the bull-bear game is fierce. MA5 and MA10 form short-term support. Although the MACD indicator has weakened, it is still in the bullish area. It may launch an upward attack again after a short-term correction. If the price can effectively break through the $2,700 mark, it is expected to challenge the previous high of $2,727 again in the short term.
Recommendations
Long strategy: If the price of Ethereum can successfully break through $2,700 and stabilize, you can consider going long with a light position, with targets at $2,727 and $2,800, and a stop loss below $2,650.
Short order strategy: If Ethereum encounters resistance and falls back near $2,700, you can consider short-term high-altitude trading, with the target looking at the support level of $2,650 and the stop loss set above $2,727.
Risk control tips: The current market is in a critical breakthrough stage. It is recommended to remain cautious, control positions well, and avoid chasing highs and selling lows.
