📌 Daily analysis: Oversold rebound, trend still needs confirmation

From the ETH daily line, the price rebounded after hitting a low of $1752.50, currently reported at $2029, with an increasing rise. However, the overall trend is still under the pressure of a downward trend line and has not completely reversed the decline:

MA10 (short-term moving average): Located at $2009.95, ETH is currently trying to stabilize above this moving average. Once stabilized, it is expected to challenge $2100.

MA30 (mid-term moving average): $2068.39, currently still suppressing the trend, is a key resistance level for short-term rebounds.

MA120 (long-term moving average): At $2973.97, far from the current price, indicating that the long-term trend remains weak.

From the MACD indicator, the green bars are shortening, and the DIF line shows signs of turning, indicating that bullish power is recovering, but the volume has not been fully released, and it is necessary to observe whether there are signs of a volume breakout.

📍 Key levels:

Support: $2000, $1920

Resistance: $2068, $2130

If ETH can successfully break through $2068, it is expected to open up upward space; otherwise, it may test the $2000 support again or even fall back to around $1950.

⏳ 4-hour level: Breakthrough of the converging triangle, the direction choice is coming soon

The 4H level shows that ETH is currently running in a converging triangle structure, with a breakthrough imminent:

The short-term moving average system is turning upward, with bulls attempting a counterattack, but the upper side still faces resistance at $2100.

MACD is about to form a golden cross, with red bars increasing, and bullish momentum is strengthening.

If the price breaks through $2060-$2080, it is expected to open up upward space in the short term, challenging $2200.

📍 Short-term focus:

After breaking through $2060, it can be followed to go long, targeting $2120-$2150.

Be cautious if it falls below $2000, as it may retest the $1950 support.

📉 1-hour level: Short-term oscillation repair, waiting for a breakthrough

Looking at 1H:

Bollinger Bands are contracting, and the market is waiting for a breakout direction.

The short-term MACD shows a golden cross, and the short-term bulls still have momentum.

If it breaks through $2040, it may short-term impact the $2080-$2100 area.

But it should be noted that the trading volume has not significantly increased. If it cannot break through $2060, risks of a pullback still need to be guarded against.

🎯 Operation suggestions

📌 Short-term trading strategy:

Consider following a long position after breaking through $2060, with a target of $2120-$2150 and a stop loss set at $2020.

Be cautious when falling below $2000, as it may test the $1950-$1920 support level.

📌 Medium to long-term strategy:

If it stabilizes above $2100, it will confirm a bottom reversal signal, and it is expected to challenge $2200-$2400 thereafter.

However, if it cannot break through the $2060-$2100 resistance, ETH may continue to oscillate and adjust, or even fall back to the $1900 area.

🚀 ETH is currently at a critical point between bulls and bears, be sure to closely monitor the breakout direction and manage risk!
#ORCA #LINA #crv #banana #zro $MKR $CETUS $LINA