10.26 Ethereum (ETH) Market Analysis Reference

Ethereum struggled to break through the 4000 position yesterday, with prices fluctuating back and forth within a range, daily fluctuations were less than 50 points, and the intraday pullback at the 3900 line was not broken. Currently, the price has rebounded again and is running near the 3950 position. The overall trend still maintains a range consolidation, and there hasn't been much change in the short-term trend. In the short term, it is expected that the oscillating market will continue for a while, and the strategy should be to sell high and buy low. As long as Ethereum has not stabilized above the 4000 line, it remains weak, and there is still a possibility of testing the 4000 line again. If it cannot stabilize, there is still a risk of a pullback.

On the 4-hour level, after breaking through the 3920 resistance, the price continued to rise, but the long upper shadow near 3970 shows that short-term selling pressure has increased. Currently, the area around 3920 constitutes a short-term support zone. On the 1-hour level, the 3960–3980 range has been tested multiple times without effective breakthroughs, forming a short-cycle oscillation structure, with 3925–3900 below being the key support area. In terms of technical indicators, the 4-hour MACD's DIF and DEA have flattened after crossing above the zero axis, and the shortening of the red bars indicates a weakening of upward momentum, with a risk of pullback. In the moving average system, the 7-day EMA (3939) has crossed above the 30-day EMA (3918), indicating a short-term bullish trend, but the 120-day EMA (4028) remains a strong resistance level above. As long as Ethereum has not stabilized above the 4000 line, it remains weak, and there is still a possibility of testing the 4000 line again. If it cannot stabilize, there is still a risk of a pullback, so it is advisable not to chase high positions. Pay attention to the resistance above near 4030.

10.26 Ethereum Short-term Reference:

Test down 3965-4030 lightly short, stop loss 30 points, target below 3900,

Test up 3861-3811 long, stop loss 30 points, target above 3910,

The article is sent with a delay, and the strategic suggestions are for reference only. The market changes rapidly; regardless of how high the confidence in market judgment is, make sure to manage take-profit and stop-loss effectively, securing profits is essential #ETH #ETH🔥🔥🔥🔥🔥🔥 #ETH🔥🔥🔥🔥🔥🔥 #ETH（二饼）