ETH Technical Analysis: Consolidation Awaiting Breakthrough, Key Resistance Levels in Focus
Ethereum's daily line has closed with a bearish candle featuring upper and lower shadows, with trading volume slightly increasing but still within a normal range. In terms of technical patterns, the MA30 moving average remains slightly upward, with the price still firmly operating above this average, indicating that the medium-term trend has not yet weakened. The MACD indicator continues to entangle near the zero axis, suggesting that the market's bullish and bearish forces are temporarily balanced, and the short-term direction still requires further confirmation.
From a short-term perspective, ETH still possesses upward momentum after the adjustment, but whether it can break through the key resistance zone (2620-2730) largely depends on Bitcoin's performance. If BTC maintains stability or rises, ETH is expected to test the upper pressure of the red box near 2730 and further challenge the 2850 or even 3000 USD levels. Conversely, if market sentiment weakens, attention should be paid to the defense strength of the support area below 2430-2320.
In terms of current strategy, investors should closely monitor BTC trends and changes in ETH trading volume. If the price can stabilize above MA30 and break through 2730 with increased volume, the upward space will further open; if it continues to face pressure, caution should be exercised regarding the possibility of a pullback to support.
