1. Review of Yesterday's Market
ETH continued to decline yesterday, stabilizing after a low of 1796.13, with a short-term rebound to around 1838 today. From an overall trend perspective, although it is still in a correction phase at a higher level, there is a chance for a short-term oversold rebound.
2. Today's Technical Analysis
1. Daily Level
Moving Average System: ETH is currently below MA7 (1835.44), but MA30 (1872.43) still exerts pressure. If it can break through 1850 in the short term, it is expected to push higher.
MACD Indicator: Bearish momentum has weakened, green energy bars are shortening, and if the DIF line starts to turn upwards, a rebound signal may form.
Support and Resistance:
First Support Level: 1800 (Integer Level + Previous Low)
Second Support Level: 1796 (Yesterday's Low)
First Resistance Level: 1850 (Short-term Moving Average Pressure)
Second Resistance Level: 1886 (Previous Rebound High)
2. Four-Hour Level
BOLL Indicator: ETH has temporarily climbed above the middle track, likely to test the upper track (1850-1860).
KDJ Indicator: K, D, and J lines form a golden cross upwards, indicating strong short-term rebound momentum.
MA7 and MA30: Short-cycle moving averages are turning upwards; if it breaks through the 1850-1860 area, it may enter a fluctuating upward trend in the short term.
3. One-Hour Level
Short-term momentum strengthens; if it holds above 1830, it may continue to rise, but a volume confirmation of the trend is still needed.
RSI is close to the 50 midpoint, market sentiment is slightly bullish, and bulls still have upward momentum.
3. Today's Operation Suggestion (Long Position Strategy)
Short-term Long Position Layout Strategy
Entry Point: Long in the 1840 Range
First Target Level: 1850 (Short-term Pressure)
Second Target Level: 1886 (Upward Space Opens After Breakthrough)
Stop Loss Level: 1796
Risk Control Suggestions
If the price falls below 1796 and stabilizes, it is not advisable to continue holding long positions.
Short-term traders can take profit at 1850
