Daily Level: The price is in the 1600-1700 consolidation range, MACD has a golden cross but the momentum is weak, RSI is neutral to bullish in the 55 area, not reaching overbought. If it breaks through the 1700 resistance (200-day moving average + options resistance zone), it may open up upward space to 1750-1850; if it breaks down through the 1580-1600 support zone, it may accelerate the pullback to 1550.

4-Hour Level: The Bollinger Bands are narrowing, the price is testing the middle band support, the EMA moving average system shows a bullish arrangement, but the MACD histogram is expanding below the zero line, indicating an intensification of short-term bullish and bearish games. The 1-hour chart shows KDJ hovering at a low level, if the J value forms a golden cross or triggers a rebound.

Currently rebounding to 1642, it needs to verify whether the trading volume continues to expand. If it breaks through the 1650-1670 pressure zone without a significant increase in volume (e.g., increment <20%), it may form a 'false breakout' and retest support. The derivatives market ETH funding rate is neutral, showing no signs of overheated speculation, and market sentiment is cautious.

Support Level: 1570 Resistance Level: 1695

Operation Suggestions

Bullish: Enter at 1660 when the price stabilizes Target: 1710

Bearish: Enter at 1620 when the price breaks down Target: 1550