ETH Short-term Review: Where are the Opportunities in the Sideways Consolidation?
Current Trend: Mainly Sideways Consolidation
ETH recently rebounded to 3857 before retreating, currently oscillating around 3690.
The 4-hour level shows decreasing volatility, with both bulls and bears observing, direction unclear.
Technical Signal Summary
MACD Weakening: Momentum decreasing, market slightly leaning towards adjustment.
RSI Neutral: Currently at 57, no signs of overbought or oversold yet.
Moving Average Structure: Short-term support around 3610, overall still leaning bullish, but upward momentum is weak.
Operation Strategy (Short-term Bias)
Long Position Focus:
3610: EMA30 support, short-term buying opportunity.
3550: Important daily support + round number, capital may flow back.
Short Position Reference:
3750: Upper boundary of consolidation + short pressure point, can lightly short if rebound lacks volume.
3800: Close to previous high, beware of a pullback after a spike.
ETH's current trend is biased towards oscillation, with short-term opportunities in the range of high selling and low buying. A real breakout still requires volume confirmation. Don't easily take heavy positions; prioritize stability.
