Simple Analysis of ETH Market
I. Trend Summary:
Overall trend is upward, price has risen for multiple days;
Currently in a short-term consolidation phase, but the bullish pattern remains.
II. Key Technical Points:
MACD: Still bullish, but momentum is weakening, short-term pullback possible;
RSI: Approaching overbought (69~70), with a risk of retracement;
Moving Averages: Price is above all moving averages, EMA7 (3102) shows clear support.
III. Fund Flow:
Daily trading volume has increased, indicating that the main force is pushing;
But short-term volume has decreased, and the market is starting to observe.
IV. Key Reference Points:
Buy Reference:
3100 (close to short-term support)
3050 (stronger support level)
Stop Loss: 3025 (break below structure indicates weakness)
Sell Reference:
3200 (near previous high, may face resistance)
3250 (short-term target after breakout)
Short Position Stop Loss: 3275 (if it continues strong, do not short)
ETH is in strong consolidation, around 3100 is a short-term buying opportunity, looking up to 3200-3250, but do not chase the high, pay attention to stop loss.
$ETH