Ethereum Weekly Chart Hits New High, Beware of High Position Pullback Risks

The Ethereum weekly chart shows a small bullish candle with a long upper shadow, and trading volume has increased by one-third compared to last week, with the price reaching a recent high. However, the current price has significantly deviated from the weekly MA30 moving average and is approaching historical peaks, leading to increased market divergence and the need to be cautious of potential rapid pullback risks.

Daily Chart Consolidation, MACD Death Cross May Trigger Adjustment

On the daily chart, the weekend maintained a narrow range of fluctuations, with the MA30 still showing an upward trend, but the MACD shows signs of diminishing momentum above the zero line. If today closes in the red, the MACD will form a death cross, and the price is likely to adjust downward. Key support levels to watch include the daily MA30 (3960) and EMA52 (3630). If a pullback occurs at these levels, a rebound is expected, with the rebound strength near EMA52 potentially being stronger.

Short-term Trading Strategy: Seize Opportunities at Key Levels

The current trend can be seen as a rebound supported by the 1-day MA30 and 12-hour EMA52, but the 4-hour level faces pressure from MA30. For short-term operations, a light position can be taken near the 6-12 hour EMA52 for a long position, while a short position can be attempted in the upper pressure zone of 4560-4660, with strict profit and loss limits set.

Key Level Reminder: Clear Divide Between Long and Short

The upper pressure zone should focus on the 4660-4880 range, with strong resistance at the psychological level of 5000; the lower supports should be observed sequentially at 4170, 3960, and 3630. If 3630 is broken, the depth of adjustment may further expand. Investors need to closely monitor changes in trading volume to guard against high-level volatility risks.

#加密市场回调 $ETH