[Ethereum Market Analysis]
Recently, ETH quickly rebounded from the low of 2436.98 on June 13 to 2612.29, currently undergoing a technical recovery after a significant decline. The daily K-line has been rising consecutively, with a strong rebound; however, the 4-hour K-line shows upper shadow lines, indicating increased selling pressure above, suggesting potential short-term pullback pressure.
In terms of technical indicators, the MACD is converging on the 4-hour time frame, with the histogram turning positive but momentum weakening. The daily MACD remains below the zero line, indicating that the rebound trend is not firmly established. The RSI is at 55.12 on the 4-hour and 64.67 on the daily, reflecting an optimistic sentiment, but caution is advised for short-term overbought adjustments. Regarding EMA moving averages, both the 4-hour and daily prices have broken through and stabilized above the short-term moving averages, indicating effective short-term support.
Trading volume has significantly increased since June 13, showing a return of funds, with intense short-term bullish and bearish competition.
[Strategy Reference]
Long Position 1: 2580 USDT (near 4-hour EMA30 support)
Long Position 2: 2545 USDT (daily EMA7 support range)
Stop Loss: 2520 USDT (upon confirmation of support failure)
Short Position 1: 2650 USDT (short-term resistance level)
Short Position 2: 2700 USDT (strong round number resistance)
Short Stop Loss: 2725 USDT (if it breaks and stabilizes above 2700)
Current recommendation leans towards short-term operations with a focus on defense. A significant trend still requires a daily level volume breakout for confirmation.
