Market Analysis for Today $ETH
ETH is currently showing a range-bound fluctuation. From a technical perspective, the moving averages are in a bullish arrangement and the golden cross forms a bullish resonance, but the shrinking trading volume has led to a divergence between price and volume, weakening the reliability of the signals. A key support level is near an engulfing pattern, and any attempts to rebound will require confirmation from both price and volume. The external environment is neutral, with limited sentiment and macro pressure, and mixed news has little short-term impact.
Strategy Recommendations:
1. Sell High: Enter around 3935 USDT, stop loss at 3960 USDT, target at 3885 USDT (close to resistance, invalid if it breaks).
2. Buy Low: Enter around 3875 USDT, stop loss at 3850 USDT, target at 3930 USDT (close to support, invalid if it breaks). $ETH
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