Moving Average Analysis
MA7 (Short-term Moving Average): The current price is slightly below MA7, indicating that the short-term trend is still in an adjustment phase, but MA7 has begun to slightly turn upward, which may suggest enhanced short-term support.
MA30 (Medium-term Moving Average): The medium-term trend remains bearish, with MA30 forming a significant resistance. Attention should be paid to whether it can effectively break through the MA30 pressure in the short term.
MA100 (Long-term Moving Average): The price is still far below MA100, indicating that the overall trend is still in a downward channel, limiting the rebound space.
Support and Resistance Levels
Support Level: The current important support is around 3350 (a key area confirmed by multiple K-line tests). If broken, it may retest the 3250-3100 range.
Resistance Level: The recent strong resistance above is at 3450 (close to the MA30 position). After breaking, the next resistance is at 3550.
Trading Volume
The trading volume of the recent K-lines shows a shrinking adjustment, indicating that market sentiment is cautious. However, if a rebound occurs with increased volume, a short-term rebound trend may emerge.
Technical Indicators
MACD: The DIF line and DEA line are in a converging state below the zero axis, with green bars shortening, indicating a decrease in bearish momentum, and a golden cross may follow.
KDJ: Gradually turning upward from a low position, indicating a possible entry into a rebound correction cycle in the short term.
Entry Position: It is recommended to enter light long positions in the range of 3360-3380, waiting for a breakout confirmation.
First Take Profit Level: Target level 3450, which is the short-term resistance level; partial positions can be reduced here.
Second Take Profit Level: If the pressure at 3450 can be broken with increased volume, the target can be raised to 3550-3600.
Stop-Loss Level: Strictly set the stop-loss below 3320 to prevent further declines triggered by breaking support.
Today's Direction Forecast: Based on yesterday's ETH trend, the price slightly rebounded after reaching the support area, indicating that there is some bullish strength in the current market. If the price can hold above 3400 after the market opens today, it is expected to test the resistance level of 3450 in the short term; if it falls below the 3350 support, it may drop to the 3250-3300 range.
When operating, it is essential to observe whether the trading volume continues to expand during the rebound and whether the price can hold above the key resistance level of 3450.
Currently, ETH shows signs of a short-term rebound and repair, but the medium to long-term trend remains bearish. Caution should be maintained in operations, with strict control over positions and risks. It is advisable to focus on long positions within the support range in the short term, but if key support is broken, timely stop-loss should be executed.
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