⚡ ETH Short-term Technical Analysis｜3,800 Can It Hold?
(2025/10/23)
ETH encountered resistance at 3,905 USDT and has pulled back, currently priced around 3,842 USDT,
short-term bullish momentum has clearly weakened, and the market has entered a consolidation phase.
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🔹 Short-term Observation (5-minute Chart)
• The price is still consolidating near the lower Bollinger band, with insufficient short bullish strength.
• Trading volume has significantly decreased, indicating a heavier wait-and-see sentiment in the market.
• Although the MACD remains in positive territory, the DIF and DEA are close to the zero axis, indicating weak momentum.
• The KDJ indicator is entangled at a low level, with the K value around 39, suggesting a need for short-term correction.
📉 Short-term Conclusion:
If ETH can hold the 3,830–3,850 range, there is still a chance to test the upper resistance at 3,880.
However, if it breaks below 3,820, it may revisit the lower support at 3,780–3,800.
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🔹 Medium-term Observation
• From the 1-hour structure, ETH is still in a high-level consolidation pattern.
• 3,900 is an important short-term resistance; without sufficient volume to break it, rebounds are likely to be limited.
• MA5 is bending down close to the middle line; if it does not quickly pull back, there may be a chance to test the lower support again.
📊 Medium-term Conclusion:
Currently in the "sideways consolidation mid-term",
both bulls and bears are temporarily in a tug-of-war, waiting for a new directional breakout.
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🧭 Key Price Levels
• Support Area: 3,820 / 3,780
• Resistance Area: 3,880 / 3,905
• Key Watershed: 3,850
📈 Strategy Suggestions:
• Short-term Operation: Hold 3,830 for long positions, set stop loss below 3,815.
• If it breaks above 3,880, consider increasing positions based on the situation.
• If it breaks below 3,820, wait and observe for structural rebuilding.
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💬 Do you think this wave of ETH can hold 3,800?
Or is it just a correction before a rebound?
Leave a comment to share your thoughts👇
