From the 15-minute chart of ETH/USDT, the following points are worth noting about the current market trend:
1. Price trend
• The current price is 3,441.89 USDT, and the recent price fluctuates around 3,450 USDT.
• The chart shows that the price has some signs of a pullback from the recent high (3,511.14 USDT).
2. Moving average analysis (MA)
• The short-term moving average (MA7) has begun to turn downward, indicating that there may be a pullback pressure in the short term.
• The direction of MA25 and MA99 is relatively flat, and the overall trend has not reversed significantly.
• If the price falls below MA99 (3,455.59 USDT), it may trigger further declines.
3. MACD indicator
• Both DIF and DEA are negative, and the MACD histogram is green, indicating that the market is in a stage where short forces dominate.
• If the DIF line moves further downward away from DEA, the downward trend may be aggravated.
4. Volume (VOL)
• Volume is falling, indicating that market participation is weakening, which may limit the rebound in the short term.
5. Key support and resistance
• Support level: 3,408 USDT (24-hour lowest price) and 3,311 USDT (previous low).
• Resistance level: 3,450 USDT (short-term pressure) and 3,511 USDT (recent high).
6. Market sentiment and other time periods
• The increase in 7 days is 2.98%, but the decrease in 30 days is 3.7%, indicating a short-term repair but still in a weak shock pattern.
• If you switch to a longer time period (such as 1 hour or 4 hours), you can further confirm the overall trend direction.
Comprehensive judgment:
• Short-term (15-minute cycle): The market may continue to pull back slightly. If it falls below the key support level (3,408 USDT), the downside may further expand.
• Medium-term trend: If there is no obvious death cross between MA25 and MA99, the price may maintain shock consolidation.
• It is recommended to pay attention to the changes in trading volume and the signal crossover of MACD, as well as the confirmation of support and resistance in a longer period of time. $ETH