#ETH technical analysis frame 1D, invite everyone to refer.
1. Overall trend:
ETH is having a strong breakout from the accumulation zone, with a very large bullish candle, closing above the EMA99 line (2,109 USDT) and peaking at 2,227 USDT.
This is a strong growth signal, indicating a large influx of capital and the potential for a short to medium-term uptrend.
2. Volume:
Volume has surged to the highest level in recent weeks, confirming a genuine breakout and not a false breakout.
3. RSI (6):
RSI is at 92.6, indicating a strong overbought condition. This warns of a possible profit-taking or short-term technical correction in the upcoming sessions.
4. MACD:
MACD has crossed upwards strongly and the histogram is expanding positively, supporting that the uptrend still has momentum.
DIF > DEA indicates that the uptrend is gaining momentum.
5. Important technical zones:
Short-term resistance: 2,273 – 2,300 USDT (close to the previous long-term EMA zone).
Near support: the zone of 2,100 – 2,040 USDT (EMA99 + body of the breakout candle).
Stronger support: the zone of 1,800 – 1,808 USDT (EMA25 + previous base before breakout).
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Proposed strategy:
If you have a Long position: take partial profits, and move the SL to the range of 2,090–2,110 to secure profits.
If you haven't entered a position: wait for a technical correction to the range of 2,100 – 2,150 (if any) and then consider a new entry with a stop loss below 2,000.
Avoid FOMO buying when RSI is too hot.