Midday trend analysis of $ETH !

【Price Trend Analysis】

K-line Pattern:

A long lower shadow appears on the daily level, with strong support at the low point of 2382. A short-term platform is formed at 2440 on the hourly level, with 2453 becoming a key resistance level.

Technical Indicators:

The MACD on the daily chart remains below the zero line, but the green bars are shortening. After the golden cross on the hourly chart, momentum weakens. The RSI14 rises from the oversold zone at 37 to 51, positioning it in the neutral zone. EMA7 has crossed above EMA30, forming a short-term bullish arrangement, but the price is still suppressed by the 120-day moving average at 2417.

Trading Volume:

Recently, there has been an increase in volume during declines (such as the 26928 trading volume at 05:00 corresponding with a 31 USD drop).

【Buy and Sell Points】

Buy Point One: 2420 USDT (integer support level + buffer above EMA120 moving average at 2417)

Buy Point Two: 2400 USDT (key psychological level above the previous low of 2382)

Long Stop Loss Point: 2375 USDT (buffer below the daily lower shadow low of 2382)

Sell Point One: 2450 USDT (current hourly chart resistance level + selling pressure zone near the previous segment high of 2453)

Sell Point Two: 2475 USDT (daily EMA30 resistance above the integer level of 2469)

Short Stop Loss Point: 2500 USDT (trend turns strong after breaking above the weekly level rebound high of 2500).

The above from K is not investment advice, for reference only!