ETH One Hour Trend Briefing: Strong Rebound Momentum, Focus on Key Resistance Level Breakthrough
Observing the ETH/USDT one-hour candlestick chart, the price has rebounded significantly from the low to around 2125. During the rebound phase, trading volume has noticeably increased, indicating active inflow of bullish funds. The short-term moving averages EMA7 and EMA30 are gradually turning upwards, providing support for the price, and the technical indicators are showing an initial bullish alignment trend.
Currently, ETH has sufficient short-term rebound momentum. If the trading volume continues to cooperate, it is expected to challenge higher resistance levels. However, the suppression near previous highs should not be overlooked; if it cannot break through with increased volume, it may trigger a pullback. I personally have an optimistic view on the one-hour trend, expecting the continuation of the rebound, but caution is needed for the risk of facing obstacles due to insufficient volume. In terms of operations, investors should closely monitor the collaboration between volume and price: if the volume continues to be released and breaks through key resistance levels, a small position can be taken to follow the trend; if faced with resistance and pullback, precautions should be taken for short-term adjustments, and reasonable stop-loss settings should be established to respond to market rhythm changes.
Today's Key Focus: IOST SOLV AUCTION...
