ETH Daily Analysis

From the daily level, today's Ethereum pullback sentiment shows slight improvement, which aligns with yesterday's analysis expectations. Since the early hours of the 22nd, Ethereum has entered a pullback and repair phase. Currently, both KDJ and MACD indicators for Ethereum are showing varying degrees of contraction in bullish momentum, indicating a change in short-term market sentiment; on the main chart, although the three-day moving averages are continuously strengthening, the stabilization of TD13, combined with yesterday's high position doji, has completed the upward probe of the high point. Today, we are likely to enter a long-term higher-level repair phase (the weekly Ethereum chart is also starting to slowly move south into a technical repair phase).

From the 12-hour level, the current KDJ dead cross at a high position is showing strong downward movement, and the MACD indicator is showing a downward technical change at a high position (currently, DIF is pressing down on DEA, and if the dead cross appears, the bearish momentum will expand). On the main chart, due to the lag of TD13, the main chart showed a downward volume increase when K appeared this morning. The appearance of the red TD1 indicates a key change in short-term market sentiment. Basically, today we will continue to observe a downward trend for a higher-level technical repair, with key support still referencing the area around 3400-3264.

Summary: Today's short-term analysis approach remains largely unchanged, continuing to observe a downward trend for a higher-level technical adjustment, with key support still referencing around 3400-3264. For the subsequent higher-level trend, if the strength of this round of downward repair sentiment cannot effectively break below or the pullback strength is not enough to surpass the lower support, then Ethereum will continue to move upward, with the next target high point being 4k and above.

The above is my personal daily market analysis for your reference.