Summary of yesterday's movements

The ETH price strongly rebounded after finding support at 3860 yesterday, but did not break through the strong resistance at 4092, indicating heavy selling pressure above.

If the price fails to break through the resistance level of 4050-4090 again, a rise followed by a fall is expected, with potential support at 3860 or even 3760.


ETH Today's Market Prediction and Operational Suggestions

1. Moving Average System (MA)

  • MA7 (short-term moving average, white line): The price has fallen back near MA7 after yesterday's rebound, indicating a weakening of short-term bullish momentum.

  • MA30 (medium-term moving average, yellow line): The MA30 is located at 3866.41, providing medium-term support for the price. The price has not fallen below the MA30 support after breaking through yesterday, still having the potential for short-term increases.

  • MA100 (long-term moving average, pink line): The MA100 is at 3718.30, a strong support level, making it difficult to break in the short term.

2. MACD Indicator

  • 1-hour chart: The MACD line is above the 0 axis, but the DIF and DEA have started to turn down, with the red bars shortening, indicating a decrease in short-term bullish momentum, with bears gradually taking control.

  • 4-hour chart: The DIF and DEA show a death cross trend, and the MACD red bars are gradually shortening, indicating increased mid-term pullback pressure.

3. Bollinger Bands

  • The Bollinger Bands are currently narrowing, with the price running above the middle line, limiting the rebound space. The upper resistance level is 4092, and the lower support level is 3860, with the price likely to oscillate and consolidate within the Bollinger Bands range.

4. Trading Volume Observation

During yesterday's rebound, the trading volume significantly increased, but the current volume has not been able to sustain the increase, indicating insufficient willingness for short-term bullish follow-up, which may trigger a short-term pullback.

5. Key Support and Resistance Levels

  • Short-term resistance levels: 4050, 4090

  • Short-term support levels: 3860, 3760

Today's operational suggestions

Short strategy

  • Entry range: 4040-4070

  • First take profit level: 3920

  • Second take profit level: 3860

  • Stop loss level: 4100

Long strategy

  • Entry range: 3860-3880

  • First take profit level: 3960

  • Second take profit level: 4040

  • Stop loss level: 3820

ETH is expected to primarily undergo oscillating adjustments today, with a price range possibly between 3860-4050. The bears dominate in the short term, but the support below is strong, so it's not advisable to blindly short. Traders should flexibly adjust their strategies, using key support and resistance levels for high sell low buy operations, and strictly set take profit and stop loss.
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