$ETH

📊 Market Analysis

1. Moving Averages (EMA7/25/99)

• Current price 4600, standing above EMA(7)=4573 and EMA(25)=4565, short-term moving averages have turned upwards, price is back above the moving average system, indicating strength.

• EMA(99)=4567, price is also back above the long-term moving average, indicating that the downward correction is complete and there are signs of strengthening.

2. Candlestick Structure

• The previous rapid drop reached a low near 4465, followed by a continuous rise, just breaking through EMA resistance, indicating that the bulls are starting to gain strength.

• Resistance is around 4660-4670 (previous high + hourly level pressure).

• Support is at 4565-4570 (moving average support).

3. RSI

• RSI(6)=71 (short-term close to overbought), RSI(12)=58, RSI(24)=53, overall: short-term is a bit overheated, but mid-term still has room for upward movement.

4. MACD

• DIF crosses above DEA, forming a golden cross, the histogram starts to turn red, indicating that bullish momentum has just started.

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📈 Trading Suggestions

• Short-term Long Position:

• Entry Point: 4600—4580 range (entering near support on pullback is more stable)

• Take Profit Level: 4655—4670 (previous high resistance area)

• Stop Loss Level: below 4550 (stop loss if it breaks below moving average support)

• Conservative Strategy:

• You can wait for a pullback to 4570—4580 before opening a long position, which has a higher win rate.

• If it breaks through 4670 and stabilizes, then chase long towards 4720—4750.

• Short Position Idea:

• Only consider a short position if there is resistance at the 4670 pressure area and a volume drop occurs, targeting 4580.

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👉 Summary: Currently is a rebound turning strong, short-term bulls are dominant, it is recommended to mainly focus on going long on pullbacks, be cautious about reducing positions or observing breakout conditions near 4670.$ETH