$ETH

【ETH/USDT Price Trend Analysis】

1. Candlestick Pattern:

- The recent candlestick shows that the price is fluctuating around 2500, forming a slight upward trend.

- Recent highs fluctuate between 2533.49 (February 25 at 0600).

2. Technical Indicators:

- MACD: The current MACD histogram shows bullish signals, but the DIF and DEA are still in the negative area, indicating a possible rebound in the short term, but the overall trend has not fully shifted to bullish.

- RSI: The RSI is currently at 51.98, close to the neutral area, slightly leaning towards overbought, and attention is needed to see if it will enter a sustained overbought range.

- EMA: EMA7 (2489.12) has crossed above EMA30 (2497.40), indicating a strengthening short-term trend; however, EMA120 (2623.57) is far above the current price, suggesting ongoing downward pressure in the long term.

3. Trading Volume:

- Significant increase in trading volume during the period of February 25 at 2300, followed by a gradual decrease, indicating a decline in market activity.

- The current hourly trading volume is low, only 81, suggesting strong market wait-and-see sentiment.

【Buy and Sell Points】

- Buy Point One: 2450 USDT (Reason: Close to the previous low of 2471.8, support may form near the whole number level)

- Buy Point Two: 2425 USDT (Reason: Close to the low of 2424.35 at February 26 at 02:00, expected to rebound after further decline)

- Long Stop Loss Point: 2400 USDT (Reason: If it falls below this point, it indicates the trend continues downward, and it is not advisable to hold long positions)

- Sell Point One: 2550 USDT (Reason: Close to the recent high of 2533.49, pressure exists near the whole number level)

- Sell Point Two: 2600 USDT (Reason: EMA120 is near 2623.57, significant long-term moving average resistance)

- Short Stop Loss Point: 2630 USDT (Reason: Breaking this level will confirm a strong reversal, immediate stop loss is required)

ETH's 1-hour price trend: Sideways

Analysis by Jie Shen, does not constitute investment advice, for reference only.