Ethereum 1 Hour K-Line Analysis Shows Initial Signs of Short-Term Rebound, Breaking Through Resistance is Key
Current ETH Price: 4342 USDT, experiencing over 300 points fluctuation within 24 hours, ranging from 4225 to 4533.
Breaking Down the Market from a Technical Perspective:
1. Bollinger Bands (BOLL): Anchors of Support and Resistance
The middle band (4326) is the current dividing line between bulls and bears. The price is tightly adhering to the middle band; if it can effectively stabilize, the rebound momentum will extend towards the upper band (4445); if it loses the middle band, the lower band (4208) and previous low (4225) will become the defensive focus.
2. MACD: Bulls Begin to Make Their Presence Known
The DIF line -29.14 crosses above the DEA line -39.21, with green bars turning to red, forming a golden cross signal, indicating that short-term bullish strength is initially dominating.
Attention should be paid to the expansion strength of the red bars: if it continues to grow, the certainty of the rebound increases; if it turns green again, one should be cautious of a false breakout.
3. KDJ: Sufficient Short-Term Momentum, but Hidden Concerns
K (68.97), D (62.67), and J (81.56) lines are rising simultaneously, with the J line approaching the “Overbought Zone” (above 90).
This indicates that short-term rebound momentum is strong, but the risk of a pullback due to overbought conditions is also accumulating; if the J line turns down, one should be wary of a correction.
Optimistic Scenario: Stabilizing at the middle band - Breaking through the upper band 4445 - Challenging the previous high 4576, but requires volume support.
Cautious Scenario: Facing resistance at the middle/upper band, falling back to the lower band 4208, or even testing the previous low 4225.
The crypto market is greatly influenced by news (such as ETH ecosystem upgrades, overall market sentiment), and technical signals need dynamic validation. In terms of operations, one can set stop-loss based on the middle band 4326 to speculate on a rebound; if the rebound is weak, timely take profit to avoid risks, after all, the high volatility of cryptocurrencies leaves no room for complacency.
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