1. Daily analysis: The rise continues and the pressure of breaking through is imminent
From the daily chart, Ethereum (ETH) continues to maintain a strong trend today, with the current price stable at around $2619.8, and maintaining high fluctuations after a short-term breakthrough. MA5 and MA10 moving averages show a clear bullish arrangement, with the current support level at around $2520, and the resistance level at around $2727. MA120 moving average is still at a high level, and the long-term trend is still bearish, but the short-term rebound momentum remains unabated.
In terms of MACD indicators, the DIF line and the DEA line are running above the zero axis, and the red kinetic energy column continues to expand, indicating that bullish sentiment is still dominant and there is room for further upward movement in the short term. The trading volume has also increased, indicating that the potential for an increase is strong, but at the same time, attention should be paid to the pressure level of $2,727.
Daily operation suggestions:
If Ethereum can hold above $2,600, it is recommended to hold long positions with a target of $2,727 and a stop loss below $2,520.
If the price fails to effectively break through $2,727, you can consider buying low and selling high near this pressure level in the short term, and set the stop loss below $2,650.
2. Four-hour line analysis: short-term correction, pay attention to support and rebound opportunities
From the four-hour line level, after yesterday's sharp rebound, the price of Ethereum stabilized above $2,600, and the MA5 and MA10 moving averages maintained an upward trend, with a short-term support level of around $2,580. The MA30 moving average, as a relatively solid support line, is currently around $2,528. The MACD indicator shows that the DIF line and the DEA line are running above the zero axis, and the red kinetic energy column has shrunk slightly, indicating that the short-term upward momentum has slowed down, but the bullish sentiment still exists.
Overall, the four-hour chart shows that Ethereum is fluctuating above $2,600, and market sentiment is still bullish. The short-term support is around $2,580. If it can stay above this support, it is expected to continue to hit the $2,700 mark in the future.
Four-hour operation suggestions:
If the price can stay above $2,600, it is recommended to go long with a light position, with the target at $2,700 and the stop loss set below $2,580.
If the price falls below $2,580, it may pull back to around $2,520 in the short term. It is recommended to wait for support to be confirmed before intervening.
3. One-hour line analysis: high-level fluctuations, short-term momentum weakened
From the one-hour line, the price of Ethereum is trading sideways around $2,619.8. The upward momentum has weakened in the short term. The MA5 and MA10 moving averages remain flat. The MACD indicator shows that the red momentum column is gradually shrinking, indicating that the short-term bullish force is beginning to decline and the market may enter a short-term volatility period.
The current support level is around $2,600. If the price can hold the support, it is expected to continue to rise in the short term. However, if it falls below $2,600, there may be further pullback pressure, with the target at $2,580.
One-hour operation suggestions:
If the price breaks through $2,630, you can follow up with long orders with a light position, with the target at $2,700 and the stop loss set below $2,600.
If the price falls below $2,600, you can consider shorting with a light position in the short term, with the target at $2,580 and the stop loss set above $2,630.
4. Strategy summary: ETH has a good upward trend, and the key pressure level of $2727 is worth paying attention to in the short term
Overall, Ethereum continues to maintain its upward momentum today, but there is a certain amount of pullback and shock pressure in the short term. In terms of operation, it is recommended to focus on the support level of $2,600 and the pressure level of $2,727. If it breaks through, you can continue to be bullish. If it fails to break through, sell high and buy low to prevent short-term pullback risks.
