$ETH

ETHUSDT 4h Market Trend Analysis Report

Current Price: 1468.29 USDT

24-hour Change: -6.841%

Major Support Level: 1405.38 USDT

Major Resistance Level: 1569.92 USDT

Current Trend: Clearly Downward

Detailed Explanation:

Technical Indicators Overview:

Moving Average System: Bearish arrangement, MA5 (1523.59) < MA10 (1533.68) < MA20 (1614.19) < MA120 (1873.29), the moving average system presents a clear bearish arrangement, indicating that both short-term and medium-term trends are bearish.

MACD: Bearish crossover in progress, DIF (-75.72) < DEA (-69.80), MACD bars are negative, indicating weak market momentum, with potential for further decline in the short term.

BOLL: Price is near the lower band (1368.46), %B is 0.19%, indicating that the price is in the oversold area, but the BOLL bandwidth is narrow, suggesting lower market volatility, with potential for continued downward movement in the short term.

RSI: Oversold area, RSI6 (24.97), RSI12 (28.28), RSI14 (28.85) are all below 30, indicating that the market is in an oversold state, but the RSI indicator can easily become dull, requiring comprehensive judgment in conjunction with other indicators.

KDJ: Bearish crossover in progress, K (28.35) < D (39.53) < J (5.97), the KDJ indicator shows that the market is still weak.

Indicator Data:

Funding Rate: -0.00396700%, the funding rate is relatively low, indicating that market bullish and bearish sentiment is not obvious, but slightly bearish.

Volume Changes: Recent trading volume has been continuously increasing, especially during price declines, indicating significant selling pressure in the market, with potential for continued downward movement in the short term.

Capital Flow Data: Significant net outflow of contract funds, especially a net outflow of 374430971.23 USDT in 24 hours, indicating that market funds continue to withdraw, with strong bearish sentiment in the short term.

Analysis Result

Direction: Short

Entry Timing: Around the current price of 1468.29 USDT, or wait for the price to rebound to around 1520 USDT to enter short.

Stop Loss Setting: Stop loss set at 1569.92 USDT (above major resistance level), stop loss ratio about 6.9%.

Target Price Level: Target price set at 1405.38 USDT (major support level), expected return rate about 4.3%. If the price breaks below 1405.38 USDT, can continue to hold until 1347.15 USDT, expected return rate about 8.2%.

Note: This analysis is for reference only and does not constitute any investment advice!