1.14 Afternoon Ethereum ETH Data Detailed Analysis

15-Minute K-Line Chart Analysis:

Trend: In the short term, Ethereum's price shows a volatile trend, with a fluctuation range between 2900 and 3200.

Technical Indicators: Moving Averages: Short-term moving averages (such as 5MA, 10MA) alternate, indicating a lack of clear market direction.

MACD: The indicator line hovers near the zero axis, with short momentum bars, indicating a balance of bullish and bearish forces in the short term.

RSI: The Relative Strength Index fluctuates between 40 and 60, with no overbought or oversold conditions.

1-Hour K-Line Chart Analysis:

Trend: The price fluctuates within the range of 2900 to 3300, without breaking through key support or resistance levels.

Technical Indicators: Moving Averages: The 50-hour moving average crosses the 100-hour moving average, indicating an unclear short-term trend.

Bollinger Bands: The price operates near the middle band of the Bollinger Bands, with the bandwidth narrowing, suggesting potential for significant volatility.

RSI: The index is between 45 and 55, indicating neutral market sentiment.

Bullish: Recently, bulls have shown some buying interest in the range of 2900 to 3000, forming short-term support.

Bearish: In the range of 3200 to 3250, there is significant bearish pressure, repeatedly preventing the price from rising.

Long Position Suggestions:

Entry Point: Range of 2950 to 3000, close to the short-term support level.

Stop Loss: Below 2900, to prevent further decline if the support level is broken.

Target Level: 3200 to 3250, close to the upper resistance area.

Short Position Suggestions:

Entry Point: Range of 3200 to 3250, close to the short-term resistance level.

Stop Loss: Above 3300, to prevent an upward trend caused by a breakout above resistance.

Target Level: 3000 to 2950, close to the lower support area.

Strictly manage position sizes, 60 times leverage with a 20% position, do not trade until the target is reached. #ETH $ETH