Old Horse ETH Midday Market Analysis

1. Core Market Influencing Factors

Recently, the Ethereum network upgrade has been implemented, and institutional investors' willingness to allocate has increased, providing temporary support for ETH prices. However, the cryptocurrency market as a whole remains constrained by macroeconomic factors, with uncertainties surrounding the Federal Reserve's monetary policy adjustments and geopolitical conflicts continuously disrupting market sentiment, leading to increased price volatility.

2. In-depth Technical Analysis

From a short-term technical chart perspective, ETH is currently consolidating around the 3850 level after a prior pullback. On the 15-minute level, the price is operating within several moving average (MA) bands, and both bulls and bears are locked in a stalemate; the MACD indicator shows the formation of a golden cross, and the RSI indicator is in a neutral zone, suggesting short-term rebound momentum, but the overall trend has not yet achieved an effective reversal, so caution regarding downside risks is still necessary.

3. Operational Strategy Suggestions

Investors are advised to maintain a cautious trading mindset, focusing on the effectiveness of support at the 3850 level in the short term:

If the price stabilizes above the 3850 support level, light positions can be taken for a long, targeting around 4022;

If the support level is breached, the price may experience further decline, and risks should be avoided in a timely manner.

Core Principle: Strictly control position ratios, set reasonable stop-loss points, and avoid blindly chasing highs and selling lows.

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