ETH Technical Analysis: Strong Leading Rise, Breaking Key Resistance
Short-term Trend:
ETH's hourly performance is significantly stronger than BTC, with a brief pullback during the day followed by continuous upward fluctuations, indicating robust bullish momentum. The price has effectively broken through the upper boundary of the previous consolidation range, showing an accelerated upward trend.
Daily Key Signals:
A significant long bullish candle breakout, with trading volume reaching twice that of the previous day, confirming the validity of the breakout.
The MA30 moving average continues to rise, providing dynamic support for the price.
A golden cross has formed above the MACD zero line, establishing a rebound trend at the daily level.
Market Outlook:
Current technical configuration indicates:
The upward momentum remains strong, with the next target range being the 2960-3060 resistance zone.
The breakout volume-price relationship is ideal, likely to sustain strong performance.
Key Price Levels:
Upper Resistance: 2960 (recent target) → 3060 (psychological level) → 3240 (previous high area)
Lower Support: 2730 (breakout level) → 2580 (trend line) → 2350 → 2200 → 2130 (step defense)
Operational Suggestions:
Holders can continue to enjoy the benefits of the trend, while short-term traders should pay attention to pullback confirmation opportunities in the 2730-2750 area. If the 3000 round number is broken, caution is advised regarding short-term profit-taking pressure, but if it stabilizes effectively, it will open up greater upward space.
(Note: Close attention should be paid to the BTC correlation effect and changes in overall market risk appetite)
