2/18 Market Analysis - ETH: Watch carefully and seize the opportunity of low-to-long

Daily Trend Analysis

From the daily chart, the ETH moving average system is in a short position arrangement, and local dead cross patterns frequently appear, indicating that the current market is in a weak pattern as a whole, and the space and sustainability of upward rebound are limited. The price fell back several times after touching the upper suppression level, and the momentum for further upward exploration is insufficient. It is recommended to temporarily avoid chasing high positions. The K-line structure shows that ETH still has the possibility of further downward exploration. It is recommended to focus on low-to-long operations.

Short-term trend analysis

From the 1-hour, 4-hour, and 12-hour charts, ETH has evolved a breakout trend after the decline, and it is necessary to be vigilant about the risk of further downward exploration after a small sideways movement. The current price is in a range of fluctuations, and the upper suppression and lower support are relatively clear.

Key points

• Upper suppression band: 2860-2975 (short-term suppression 2784).

• Short-term support: 2558-2454 (aggressive operation range, slow decline can be done, fast in and out).

• Mid-term support: 2276-2177 (it is difficult to reach with regular fluctuations, and you can grab a rebound in case of a sharp drop).

Trading suggestions

1. Short-term operation: If the price falls to the 2558-2454 range, you can buy more with a light position, with a target of around 2784 and a stop loss below 2400. If there is a sharp drop to the mid-term support level, you can consider grabbing a rebound, with a target of 2600-2700.

2. Mid-term operation: The overall market trend is weak at present, so it is recommended to wait and see cautiously, waiting for a clear bottoming signal or reversal pattern to appear.

3. Risk warning: The current short-term trend is obvious, so don't chase the rise, and avoid blindly buying the bottom or chasing the high.

Overall, ETH will continue to fluctuate in the short term, and investors need to pay close attention to market dynamics and flexibly adjust their operation strategies.