Wednesday Evening Jingyi ETH Operation Silk Analysis

The hourly chart shows a fluctuating upward trend, with the price rising from 2630 to 2638. It has tested the 2640 resistance level multiple times without success. The daily chart rebounded from a low of 2575, closing with two consecutive bullish days, indicating a short-term reversal signal.

From a technical perspective, the hourly red bars continue to expand, with DIF crossing above DEA and spreading, indicating a bullish outlook in the short term; however, the daily chart remains below the zero axis and requires further observation. The daily trading volume is shrinking, suggesting insufficient rebound momentum, indicating a need to guard against correction risks.

Trading Suggestions

ETH Range 2600-2570, target around 2660-2700