Two coins in motion! Rebound or trap? ETH's key resistance level approaches, MACD golden cross releases signal!
July 31, 2025 Two Coins Analysis:
Technical Analysis:
Bollinger Bands break through the middle track, testing the upper track:
The current K-line breaks through the middle track of the Bollinger Bands, approaching the upper track range (3846-3940), but the upper space is limited, with the key pressure level in the 3940 area. Once broken, it will form a medium-term reversal signal.
MACD appears golden cross:
DIF crosses above DEA, forming a clear golden cross structure, combined with increased volume, indicating that short-term bullish momentum is strengthening, and the rebound logic is being reinforced.
KDJ indicator rises synchronously:
The K value quickly rises to around 81, indicating that overbought conditions are nearing, and there may be a demand for short-term oscillation adjustments, but the trend still leans bullish.
Key positions for bulls and bears reference:
Bullish support levels: 3780 / 3720, bearish resistance levels: 3846 / 3940
If the daily line successfully closes above the upper track with volume, it is expected to open the upward channel at the $4000 integer level.
Trading strategy recommendation:
Short-term long positions: Follow up lightly near 3800 on pullbacks, set stop loss below 3730, target 3940
Watchful waiting: Wait for effective breakthroughs above 3940 with volume confirmation before entering, reducing frequent stop losses in the oscillation range.
Preventing traps: If two consecutive K-lines cannot stabilize above the upper track of the Bollinger Bands, beware of false breakouts and retracements.
ETH's short-term bullish momentum has started, and the MACD shows clear synergy, but whether it can strongly break through the 3940 line is the critical point for reversal.
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