#ETH Today's Market: Consolidating with Strength, Key Levels to Watch!
On the 4-hour chart, ETH is repeatedly testing between 2312 - 2788, currently stuck around 2427, slightly up by 0.57%, with a trading volume of 660 million. The market isn't particularly lively, but it's not completely stagnant either.
Technical Analysis:
MACD red bars are shortening, bulls seem a bit powerless;
KDJ death cross + overbought (85), may need a breather in the short term;
MA10 > MA30, still relatively strong in the short term, but direction is unclear.
Key Levels:
Support 2479 — if it holds, it can still bounce;
Resistance 2687 — only if it breaks through can we see significant action.
Market Sentiment:
The Ethereum Foundation is recently working on social media optimization to enhance transparency, which is generally positive in the long run. But in the short term... don’t get too excited, don’t chase the highs!
Operation Suggestions:
Either wait for a pullback to the support level for a low buy,
Or wait for a breakout of the resistance level before following in.
Always being tossed around by the market? Don’t stubbornly hold on, let’s chat and help you clarify your thoughts.
