From the 1-hour and 4-hour K-line of the current ETH on May 1, the trend is at a critical point of switching between bulls and bears. The current price is 1812, running in a series of moving average congestion zones, showing some signs of stabilization.
One, market analysis (based on charts + real-time data)
1-hour chart:
EMA and MA of various periods are entangled, with the price slightly rising after breaking through the short-term moving average;
SAR has flipped upwards, indicating a short-term expectation of strengthening;
The MACD fast and slow lines show preliminary golden cross characteristics, but increased volume still needs confirmation.
4-hour chart:
After a sharp drop to around 1730, the price has pulled back and is currently consolidating near the middle track;
BOLL shows signs of slight expansion; if it can continue to stabilize above the middle track (1795-1800 range), there is a chance to challenge the upper level again;
The previous high of 1857 is a key resistance, but there is currently no strong reversal; it remains a continuation consolidation under a biased trend.
Two, strategy reference (short-term operation)
First target level: 1830 (confirmation point for stabilizing in the middle track + strong support zone breakout)
Second target level: 1860 (attacking the previous high area, short-term target upward zone)
Stop loss level: 1783 (break below the short-term structural bottom, indicating a renewed weakness)
Three, operational suggestions (biased trend)
The current K-line structure is neither strong nor weak, consolidating at the bottom; if it can continue to hold above 1795, a rebound can be expected. The following strategy is suggested:
If the price retraces without breaking the 1800-1795 area, a light position can be tried for a long;
Control the stop loss level below 1783 to maintain a reasonable risk-reward ratio;
The first target is 1830, and if strong, look towards 1860, which belongs to a trading space of 200-300 points.
Four, my opinion: inclined towards a strong consolidation, with an upward direction as the main focus.
Although ETH is still in a consolidation phase, the multi-period moving averages, along with the SAR and MACD combination, indicate solid support below, with a strong expectation of a rebound after the consolidation. Especially, the 1-hour golden cross is gradually brewing; if confirmed with increased volume, reaching 1830 is promising, and challenging 1850 is also a possibility.
What do you think about this range? Have you already added positions in this area? Feel free to leave a message for discussion!
