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