The impact of the yellow hair tariff is minimal. How to seize opportunities in the midst of volatility!!
The current four-hour trend of $ETH is somewhat concerning—forming a double top resistance around 2560, the price has retraced to around 2548, and is currently testing the short-term support line.
This indicates considerable short-term selling pressure. But don’t panic; the daily chart has shown three consecutive days of elongated lower shadows, clearly indicating strong buying interest in the 2512-2523 range. I am quite optimistic about the elasticity in this area since it has been tested multiple times as an important support zone.
On the one-hour level, the price is trapped in a descending channel (2563-2543) and is currently hovering around the midpoint, showing clear volatility.
Looking at the indicators, MACD has formed a death cross on the four-hour chart (DIF crossing below DEA), and the histogram has turned negative, which suggests an increased risk of short-term decline; however, the daily golden cross has not been broken, indicating a long-term bullish bias, just with weakening momentum.
The RSI value is around 53, not considered oversold, showing a market that is neutral to weak, with low speculative sentiment. The trading volume reveals more truths: during the rebound, the volume shrinks (for instance, the latest volume is only 12726), while during the decline, the volume increases (like 29958 accompanying the drop), this divergence tells me that the bulls are temporarily not exerting force, and caution is needed.
Buying opportunities: Keep an eye on around 2530 (the daily support and resonance with previous lows, it's a safe zone).
2510 is also good (close to the whole number threshold and above the long-term EMA120 buffer zone).
Stop loss level: Set below 2495. If it breaks here, technically it counts as a breakdown, and one should decisively stop loss.
Selling point: Consider taking partial profits on a short-term rebound to 2560 (double top resistance area), with stronger resistance at 2580 (previous high and trendline resistance).
Short position stop loss: Set above 2595; breaking above here means opening up upward space.
In summary, ETH is currently in a volatile range. Personally, I think building a position around 2530 offers good cost-effectiveness, but controlling position and stop loss is key. The market is unpredictable; let’s stay steady!
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