One, trend analysis
The current ETH/USDT price is 1641.12 USDT, which has rebounded recently after a sustained decline, overall in a correction phase within a downtrend.
🔹 Trend characteristics:
The previous low was around 1400 USD, and it has currently rebounded to around 1640;
The current trend has not broken the slope and high point structure of the previous downtrend;
The rebound is approaching the pressure zone of the previous round's breakdown (about 1650~1700).
Two, support and resistance level analysis
🔻 Key support level:
1575 USD: Support after a short-term rebound;
1470~1500 USD: Strong support area, historically dense trading;
1380~1400 USD: Previous low, if broken, the trend further weakens.
🔺 Key resistance level:
1650~1670 USD: The first resistance above the current rebound;
1750 USD: Previous horizontal support breakout level;
1820~1850 USD: Key area that needs to be held for a medium-term reversal.
Three, RSI indicator analysis
Current RSI (14) is 55.23, RSI moving average is 54.12;
RSI above 50, entering a bullish zone, indicating a recovery of short-term bullish momentum;
It has not entered the overbought zone (above 70), but if RSI shows stagnation or divergence, short-term pullback should be guarded against;
Current RSI has crossed above the moving average, short-term is still in a bullish trend.
Four, volume analysis
Trading volume has moderately increased during the rebound but has not significantly exploded, indicating that while bulls are dominant, confidence is still not extreme;
If it encounters resistance after breaking through 1650 and does so with reduced volume, pay attention to the risk of a pullback after a false breakout;
Only breaking through 1700 could further open the upward space.
Five, technical conclusions and strategy suggestions
📈 Current trend inclination: rebound correction trend, short-term is bullish, but medium-term still needs to break through the key resistance area.
📌 Trading strategy reference:
✅ Bullish strategy:
If it stabilizes after testing the support area of 1575~1600, a light position can be attempted;
If it breaks through the resistance level of 1670 with increased volume, it can confirm a medium-term rebound.
⚠️ Bearish strategy:
If the rebound is blocked in the 1650~1700 area and RSI shows divergence, consider a short position to bet on a pullback;
If it breaks below 1575 support, prevent a second bottoming.
Six, summary
ETH is currently in a rebound structure after the decline;
RSI is relatively strong but has not entered the overbought zone, suggesting the rebound may continue;
1650~1670 is a key observation area in the short term, determining whether the rebound continues or enters a consolidation phase;
Suggested for cautious traders to observe whether it can maintain the resistance band with increased volume before proceeding.
📌 Neutral to bullish, cautious on chasing gains, wait for effective breakout confirmation!
