ETH Market Analysis｜Short-term Strength, Is the Pullback an Opportunity?
I. Overall Trend: Rising, but short-term may be volatile
In recent days, ETH has been continuously rising, with positive daily candles; the trend is upward;
From the 4-hour chart, since July 15, the price has been consistently breaking previous highs, and is currently in a short-term consolidation phase, but overall remains strong.
II. How do we view technical indicators?
MACD Indicator: Still in the bullish zone, but momentum has slightly weakened, suggesting a potential short-term pullback;
RSI Indicator: Currently around 69~70, close to the “overbought” zone, indicating that the price has risen a bit too quickly in the short term, be cautious of the pullback risk;
Moving Average System (EMA): ETH is currently above all key moving averages, especially EMA7 (3102) which provides very strong support, and the overall structure remains bullish.
III. Volume Performance: Funds are still present, but starting to observe
From the daily chart, the trading volume has significantly increased in recent days, especially on July 15, indicating that the previous rise was driven by real funds;
However, the 4-hour trading volume has started to decrease, indicating that the market is entering a wait-and-see mode, possibly waiting for a new direction.
IV. Operational Suggestions
Short-term Long Position Reference
Buy Point 1: 3100 U
Reason: Close to the short-term support line EMA7, a low entry opportunity
Buy Point 2: 3050 U
Reason: A lower support level, close to the previous low, lower risk
Stop Loss Level: 3025 U
Reason: If it drops below this level, it indicates that the short-term strong structure has been broken, exit first
Short-term Take Profit
Target Level 1: 3200 U
Reason: Round number + close to the previous high, selling pressure may appear
Target Level 2: 3250 U
Reason: Target price after breakout, consider taking profit at a higher price
Short Selling Stop Loss: 3275 U
If you attempt to short, exceeding this price indicates a misjudgment of direction, timely stop loss
V. Summary in One Sentence:
ETH is currently showing a strong trend, if it can return to the 3050~3100 range in the short term, it may be a good low entry opportunity;
The upper target looks towards 3200~3250, but be cautious of high volatility risks, manage your stop losses well.
$ETH
