Ethereum Short-term Trading Strategy: Key Level Layout and Risk Control
Insight into market fluctuations, master trading rhythm, and accurately capture profit opportunities in the ocean of digital currencies.
According to current market analysis, Ethereum (ETH) is currently priced at approximately $4394.24, at a critical point for short-term directional choice. The technical analysis shows that the price is approaching the strong resistance level of $4450, and the trading volume has significantly shrunk, indicating insufficient market participation to support further upward movement. The support below is in the $4300-4330 range, which is a key position for bulls' defense in the short term.
Technical Indicator Analysis
Bollinger Bands Analysis: The ETH price is currently near the middle band of the Bollinger Bands (approximately $4303), with narrowed volatility. The upper band resistance is around $4356, and the lower band support is near $4250. Whether the price can effectively stabilize above the middle band with increased trading volume is key to judging the subsequent direction.
Moving Average System: EMA5 ($4301) and EMA10 ($4307) are almost overlapping and slightly below EMA30 ($4317), indicating a weak short-term trend, but a bearish arrangement has not yet formed.
MACD Signal: The 2-hour MACD shows signs of a top divergence, indicating that the momentum did not synchronize with the price increase, suggesting that market bullish momentum is weakening.
Downward Strategy
Reason Basis: The price is close to a strong resistance level, and trading volume is shrinking, while the Evening Star pattern suggests a bearish reversal. At the same time, the MACD top divergence indicates insufficient upward momentum.
Entry Range: 4440-4450
Stop Loss Setting: Above 4500
Target Price Level: 4350; if it breaks down, it could see 4300-4280
(For reference only, not investment advice)
