[Key Trend Review]
ETH yesterday formed a long upper and lower shadow doji candlestick, with trading volume increasing by 25%, showing a high pullback trend, consistent with our previous prediction of a 'fake breakout followed by a pullback' trend.
[Technical Analysis]
Daily level
Trend unchanged: MA30 remains upward, the daily rising structure is solid, but after a significant rise for three consecutive days, the price has significantly deviated from the moving average, coupled with weakening MACD upward momentum, a strong demand for technical pullback is present.
Key support: Focus on around 2320 (MA120 moving average and previous platform overlap), where a daily continuation platform is expected to form, providing momentum for subsequent rises.
Bull-bear boundary: If the pullback does not break 2320, remain bullish; if it fails, a drop to the 2260-2160 support zone may occur.
Short-term momentum (2-12 hours)
This round of rise is driven by the 12-hour level, currently having pulled back to the 2-hour support and rebounded, with subsequent positions to be arranged in batches at the 4/8/12 hour support levels (2390-2320) for short-term long positions.
If the rebound is weak, be cautious of the risk of deep adjustments towards 2160-2000.
[Key Price Levels]
Resistance levels: 2695 (yesterday's high) → 2890 → 3065 → 3260
Support levels: 2390 (immediate) → 2320 (core) → 2260 → 2160 → 2000
[Operational Strategy]
Short-term: Buy on dips in the 2390-2320 range, set stop loss below 2260, target above 2695.
Medium-term: If the 2320 support holds, positions can be maintained while waiting for a breakthrough after the platform; if it breaks with volume, a defensive stance is required.
Summary: ETH is in a healthy adjustment during the uptrend, with 2320 being the key area for bull-bear contention, patiently waiting for stability signals.
