2025/5/02 ETH Afternoon Analysis

1. Overall Analysis

Recently, the price has been fluctuating around 1821.89, showing signs of slowing momentum in an upward trend. In the short term, the market is in a relatively balanced state, with rebound momentum present but also downside risks. The MACD and bottom formation are in a bullish phase, providing the possibility for a short-term rebound; however, the double top and top formation may limit the upward space, creating resistance. Suggestion: Short-term traders may consider watching if the price breaks through the resistance level of 1872.71 for buying opportunities. If it fails to break effectively, it is advisable to cautiously observe or adopt a strategy of reducing positions on rallies. Additionally, attention should be paid to whether the MACD forms a golden cross to confirm further upward trends. Long-term traders should remain patient and monitor whether the market can effectively break through the consolidation range, maintaining flexibility to respond to market changes.

2. Technical Analysis

K-line pattern: A bottom formation and three external rising patterns have appeared, possibly indicating a short-term rebound; the top formation and double top may create short-term resistance. RSI: The RSI value fluctuates around 50, indicating that the market is in a balanced state, with a slight downward trend showing that market sentiment is somewhat weak. KDJ: A low J value indicates a retreat in momentum, and the cross of the K line and D line downward suggests an adjustment or downward trend. MACD: The fast line and slow line are converging and leaning towards a golden cross, with an increase in the red histogram indicating enhanced buying momentum, signaling a possible short-term rebound.

3. Potential Buy and Sell Points

Buy point: 1780 (close to the previous low of 1742.15, which may form support, while the MACD shows enhanced short-term rebound momentum.) Long position stop-loss point: 1730 (breaking below the low of April 30 at 1730.60 indicates that the phase support has failed, confirming a trend reversal.)

Sell point: 1870 (close to the previous high of 1872.71, where there is short-term resistance, and the RSI and KDJ indicators show signs of weakening momentum.) Short position stop-loss point: 1885 (breaking through the key resistance range of 1872.71 indicates that the upward trend may continue, breaking the top formation.)