One, core judgment of short-term trends
Today's key point for the Ethereum market trend is the core price level of 2537. Given that the price has already broken through the second support level and initiated a rebound, whether the 1 - 2 hour candlestick can effectively stabilize above 2537 will be a decisive indicator for judging whether the short-term rebound trend can continue:
- Bullish confirmation signal: If the 1 - 2 hour candlesticks continuously close above 2537, it indicates sufficient rebound momentum at a smaller level, and the market is expected to start a new round of upward trend;
- Bearish warning signal: Conversely, if it cannot stabilize at this price level, it indicates a lack of rebound strength, and the market will continue to retrace.
Two, key level distribution and strategy reference
(1) Upward pressure level
1. First resistance level: 2598
- Technical feature: The densely traded area of the previous oscillation range, where trapped positions and profit-taking positions intertwine, can easily trigger selling pressure, constituting the primary obstacle for short-term upward movement.
2. Mid-term pressure level: 2640
- Technical feature: The key moving average resistance level coincides with the Fibonacci resistance level, requiring strong buying power and market sentiment to achieve an effective breakthrough.
3. Trend breakthrough level: 2677
- Technical feature: Once the price successfully stabilizes at this level, it will confirm that Ethereum has entered a new upward channel, opening up further upward space.
(2) Downward support level
If the 1 - 2 hour period fails to stabilize at 2537, it is expected to trigger a new round of retracement, with successive support levels at:
1. Primary support level: 2485
- Technical feature: Short-term moving average support level, also the psychological defense line formed by previous lows, provides some buffer against bearish downward movements.
2. Secondary support level: 2450
- Technical feature: Important technical support level, if this level is lost, the bearish sentiment in the market may intensify.
3. Strong support level: 2406
- Technical feature: The convergence of multiple period moving averages is the key battleground for intense competition between bulls and bears, and its gains and losses directly affect the subsequent trend of Ethereum.
Three, summary
The core of Ethereum's short-term trend is the outcome of the battle between bulls and bears at the 2537 level. If the price can effectively stabilize above this position, bulls are expected to challenge the 2598 - 2677 range resistance; if it cannot stabilize, caution is needed for the risk of price retracing to the 2485 - 2406 area. It is recommended that everyone closely monitor the changes in the 1 - 2 hour candlestick patterns, strictly implement stop-loss and take-profit strategies, and reasonably control positions!$ETH #ETH走势分析
