ETH Market Analysis and Trading Suggestions
Crypto friends, come and check out the latest ETH/USDT market trends! 1. Technical Analysis From the 4-hour chart, the moving average system shows a bullish arrangement, with short-term moving averages like MA7 (2672.26) and MA15 (2648.95) continuing to rise, and prices fluctuating above the moving averages, indicating that the bulls are in control.
However, the recent price increase has slowed down, so we need to pay attention to the subsequent momentum. 2. Key Levels The support level at 2650 is significant, having provided support during multiple previous pullbacks, and the short-term moving averages are nearby, creating a support resonance.
Above the resistance level, the integer level of 2800 is a clear resistance zone, as prices faced resistance and retreated when approaching this level earlier, accumulating a certain amount of trapped positions. 3. Trading Suggestions Long Entry Point: When the price pulls back to the 2650 - 2660 range and shows signs of stabilization (such as a small bullish candle or a long lower shadow candle), it may be a good time to enter a long position.
Stop Loss Level: Set below 2630 to control risk.
Take Profit Level: Initially target 2750, if a strong breakout occurs, further aim for 2800.
Short Entry Point: If the price rises to the 2780 - 2800 resistance range and shows signs of stagnation (such as a long upper shadow candle or evening star patterns), consider entering a short position.
Stop Loss Level: Place above 2820.
Take Profit Level: First focus on 2700, if it effectively breaks down, then look towards 2650.
