"ETH/USDT surged and then retraced, technical analysis guides future trends, investors need to be cautious!"

ETH/USDT market analysis today: surged and then retraced, beware of market fluctuations.

Today, the ETH/USDT market surged and then retraced, with a morning price peak of 2021.90 points, followed by a pullback to around 1992.42. The 5-day moving average is declining, indicating short-term downward pressure; the 10-day moving average is flat, suggesting that mid-term prices may stabilize. The upper and middle bands of the Bollinger Bands are flat, while the lower band is rising, indicating reduced market volatility.

In terms of trading volume, the volume increased as prices rose and decreased during the pullback, with light selling pressure and stable market sentiment. Today's news is quiet, and the market is following technical trends.

Investors should closely monitor the 5-day moving average and changes in the Bollinger Bands. A price breakout above the resistance level may lead to an upward trend, while a drop below the support level requires caution. It is suggested that holders reduce positions to lock in profits at high levels and set stop-loss points; those planning to enter the market should wait for a breakout or a drop below key levels before making decisions.

In a consolidation phase, investors need to combine technical analysis and remain vigilant.

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