• Current price: About $1,819.
• Short-term support and resistance:
• Support: $1,800 (key support).
• Resistance: $1,850 (short-term key resistance).
Technical Analysis
• Daily level: ETH is currently in a sideways consolidation phase, the RSI indicator is neutral to strong (57), and has not entered the overbought or oversold area.
• 4-hour level: EMA indicators are in a bullish arrangement, but the upward momentum has weakened, and the RSI is close to 60, showing a certain bullish tendency.
Market Dynamics
• ETF inflows: Institutional interest in ETH remains stable, and ETF funds continue to flow in, but the short-term impact is limited.
• Layer 2 ecology: The ecology is well developed, but has little direct impact on prices.
Short-term trend forecast
• Range trading: $1,800-1,850.
• Upside Potential: If it breaks through $1,850, it is expected to hit $1,900 or even higher.
• Downside Risk: A break below $1,800 could lead to a pullback to $1,780.
Chart Description
• EMA indicator: 4-hour EMA is in a bullish arrangement, showing a short-term bullish trend.
• RSI indicator: Daily RSI is neutral to strong, 4-hour RSI is close to 60, not overbought.
Overall Outlook
ETH may continue to fluctuate in the range of $1,800-1,850 today. If it breaks through the resistance level, it is expected to rise further; if it falls below the support level, it is necessary to be alert to the risk of a callback.
Key indicators Value
Current Price: $1,819
Support Level: $1,800
Resistance: $1,850
Daily RSI 57 (neutral to strong)
4-hour RSI 60 (bullish bias)
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