Short-term trend assessment: Cautiously bullish
Potential MACD golden cross: Although the DIFF and DEA lines are in negative territory, the MACD histogram has turned positive (1.47), suggesting that bearish momentum is weakening. If DIFF crosses above DEA to form a golden cross, it may trigger a rebound.
Price and moving average relationship: The current price (1,790.94) is slightly below MA5 (short-term resistance) but above MA10 (medium-term support), indicating that after a short-term pullback, it may stabilize.
Bollinger band support: The price is close to the mid-band (1,798.56); if it breaks above the mid-band, it is expected to test the upper band (1,823.50); if it falls back, the lower band (1,773.62) will provide support.
Entry point suggestions:
Bullish strategy:
Aggressive entry: If the price breaks above the Bollinger mid-band (1,798.56) and holds, a light position can be taken with a target of 1,823 (Bollinger upper band) and a stop-loss set at 1,773 (below the lower band).
Conservative entry: Wait for the price to bounce back and stabilize near MA10 (about 1,780) or the Bollinger lower band (1,773.62) before entering, with a stop-loss set below 1,760 (below the previous low).
Bearish strategy (if the trend weakens):
If the price effectively breaks below MA10 (1,780), consider a short position with a target of 1,773 (Bollinger lower band), and set a stop-loss above 1,798.
Key considerations:
Volume validation: A rebound needs to be accompanied by increased trading volume (current 24h trading volume is 4.59 billion USDT, which needs to sustain and break through).
Market sentiment: The current negative MACD reflects cautious sentiment, and one should be wary of false breakouts; it is recommended to enter in batches and set strict stop-loss levels.
Conclusion: The short-term bias is bullish; it is recommended to gradually build long positions in the range of 1,773-1,798, focusing on observing the breakthrough of the mid-band and trading volume.
Volume changes.$ETH 