$ETH Personal opinion: Short-term cautiously bullish, but need to beware of pullback risks.
In simple terms:
ETH current price 3,472.23 USDT, up 4.25% in 24 hours, appears strong on the surface but hides risks within. Although the price stands above the short-term EMA7 (3,425.37) and EMA25 (3,376.38), it is nearly coincident with the long-term EMA99 (3,429.08) and has not effectively broken through the upper Bollinger Band resistance at 3,514.06. More crucially, the OBV funding indicator at -11.50 million (negative value) indicates insufficient buying momentum, and there is a divergence between volume and price.
Key positions to watch:
- Resistance levels: 3,514.06 (upper Bollinger Band), 3,601.31 (24-hour high)
- Support levels: 3,429.08 (EMA99), 3,357.47 (middle Bollinger Band)
Operational advice:
If it pulls back to 3,429 and does not break, a light position can be taken to go long, targeting around 3,514; if it breaks through 3,601 with volume, space opens up. However, if it falls below the 3,357 middle track support, decisive stop-loss is required, beware of negative news "ETH falls below 3,200 USDT" fermenting.
