Evening $ETH Market Analysis!
【Price Trend Analysis】
K-line Pattern:
The 4-hour level has formed consecutive bullish candles, breaking through the 3750 psychological level, with a long upper shadow near the short-term high of 3824 indicating selling pressure. The daily chart shows a 3-day consecutive bullish structure, with a significant long bullish candle on July 18 establishing an upward trend.
Technical Indicators:
MACD: The daily DIF (307) continues to diverge without showing signs of divergence, but a top divergence pattern is forming at the 4-hour level with the DIF (122) and new price highs. RSI: The daily RSI14 (87.98) has entered the overbought zone, and the 4-hour RSI (78.9) has turned down after a second peak. EMA: The price is rising along the 7-day EMA (3757), with the 30-day EMA (3557) and 120-day EMA (3077) in a bullish formation.
Trading Volume:
On July 20, the single-day trading volume reached 850,000 ETH, marking a recent peak, which is a typical breakout on volume. The current 4-hour volume has shrunk to 100,000-130,000 ETH, and caution is needed for high-level volume reduction and potential pullback risks.
【Buy and Sell Points】
Long Strategy:
Buy Point 1: 3750 USDT (psychological support level, coinciding with the EMA7 moving average, previous swing high support) Buy Point 2: 3700 USDT (EMA30 moving average support + 4-hour breakout bullish candle initiation point above 3681) Long Stop Loss Point: 3675 USDT (25 USDT below Buy Point 2, also below the surge starting point of July 20 at 3658)
Short Strategy:
Sell Point 1: 3825 USDT (historical high pressure level + daily long upper shadow selling pressure area) Sell Point 2: 3850 USDT (potential short hunting position after breaking through the psychological level) Short Stop Loss Point: 3875 USDT (25 USDT above Sell Point 2, covering extreme high false breakout risks)
Note: All points meet the spacing requirements (long entry point difference of 50 USDT > 1%, short entry point difference of 25 USDT > 1.2%), and the stop loss distance is within 50% of the interval spacing.
