Short-term Analysis of ETH Price Trends: Key Support at $2533, Awaiting Direction Choice
As of now, the price of Ethereum (ETH) is hovering around $2533, overall within a downward trend that has formed since May. After losing the psychological level of $2600, ETH has continued its short-term pullback and is currently in a critical support area.
Main Support Levels: $2500-$2520 range; if broken, it may further decline to $2450 and $2400.
Upper Resistance: $2580-$2620; short-term rebound targets are concentrated here.
Indicator Signals: The RSI indicator is hovering around 40, not yet entering the oversold zone, but momentum has clearly decreased. The MACD fast and slow lines are approaching a death cross, with bearish momentum continuing to strengthen.
Trading volume continues to shrink.
Looking at the four-hour chart, ETH remains within a descending channel and is still in the bottom-seeking phase in the short term. If the $2500 support holds, there is a possibility of a short-term corrective rebound, but this requires a significant increase in trading volume and confirmation of a stopping structure in candlesticks.
On-chain data and market sentiment: The number of active addresses on the ETH chain has remained stable over the past week, showing no large-scale selling pressure signals. The staking rate remains high, but exchange balances have slightly rebounded, indicating that some funds may have cashed out early.
Market sentiment is leaning neutral to bearish, with a decrease in the long leverage ratio in the derivatives market, indicating a cautious defensive stance.
Strategy Suggestions: The current ETH price is in a critical support area, and the gain or loss of $2533 will become a watershed for the short-term market direction. If the support holds, a technical rebound is expected; if $2500 is lost, further downside risks should be guarded against.
Operational Suggestions: Cautious investors may wait for a stable position above $2550 with increased volume before considering entry.
Aggressive investors may try entering with a light position in the $2500-$2520 range, with a stop-loss set below $2480.
Manage positions well to avoid blindly bottom-fishing during a downturn.
