ETH Morning Opinion

This morning, the ETH market seems a bit "stuck", currently at a crucial point for directional choice, and everyone needs to closely monitor the key signals before making any moves.

First, let's look at the capital situation. The current funding rate is -0.0015%, with bears slightly paying bulls, and the overall market sentiment is slightly bearish, but the divergence is not particularly large; it hasn't reached an overwhelming tilt yet.

Next, let's analyze the technical aspect, which is a bit more complex than BTC. The long and short signals seem to be "clashing". First, regarding the moving averages, EMA7 (4345.7) and EMA30 (4352.1) are nearly glued together, and ETH is currently oscillating between these two moving averages, a typical "convergence of moving averages" state. Whether it breaks upwards or downwards next could trigger a short-term trend. Then, looking at MACD, the dual lines are still below the zero axis, indicating that the overall trend has not fully strengthened, but the green bars have shortened to +1.18, showing a noticeable decline in bearish momentum. If the subsequent DIF can cross above the DEA, forming a low-level golden cross, the probability of a short-term rebound will increase. Finally, looking at RSI, the 6-period RSI is 57.5, in a neutral to strong range, neither overbought nor oversold, and currently, there are no clear reversal signals.

Mu Xin's opinion is that if ETH hovers around 4370-4390, we should first look at 4300. If it can break below that, then we look towards around 4280. However, an important reminder is that if ETH can significantly rise above 4400, it would mean that the short-term bottom may have been established, and previous short strategies must be adjusted in a timely manner. Don’t cling to old thinking and stubbornly hold on, lest you miss the reversal or get stopped out. #ETH走势分析