Today's Market Physical Examination Report
Ethereum's recent price is in a fluctuating upward trend, showing a slow rising pattern overall. There was a sudden flash crash of over 100 dollars in the early morning, followed by a washout-style increase, but the current strength is limited. The market is in a relatively complex stage of long and short game.
K-Line Pattern: A spinning top has recently appeared, indicating that the market may be at a critical stage of reversal or consolidation.
RSI: The RSI indicator is running around 50, showing that the market is fluctuating with no obvious overbought or oversold signals.
MACD: The fast line and slow line are rising near the zero axis, and the red energy bars are gradually strengthening but still limited in strength.
Volume: Trading volume is moderately expanding, and the volume did not significantly increase when prices rose, indicating cautious market sentiment.
Short-term Operation: Suitable for high selling and low buying within the range, with short-term attention to the performance near the support level of 2500 and the resistance level of 2697. If a significant volume breakout is not achieved, one can take long or short positions within this range.
Suggested Operation Points
2500-2450 Ambush Long
Defend 2400
Target near 2580-2620