Current Price: 2516.14 USDT
Recently, after forming a top at a high of 2879, ETH has significantly retraced to a low of 2433.80, followed by repeated sideways oscillation in that area. It is currently in a period of volume contraction and consolidation, with a clear possibility of bullish structural repair on the technical front, if it breaks through short-term resistance today.
[1. Daily Level Analysis]
Structural Form:
The daily chart records multiple small bullish candles forming a 'lower shadow support hammer' combination, indicating that the bearish selling momentum is weakening and the bottom buying support is strengthening.
Moving Average System:
Short-term moving averages EMA7 and EMA20 are still pressing down but are flattening out, showing signs of a turn; the middle band of the Bollinger Bands is suppressing around 2550, and once broken, it will trigger a trend reversal.
Indicator Signal:
BOLL band is noticeably narrowing, indicating an expectation of a consolidation pattern.
MACD green bars are shortening, golden cross signal is forming
RSI is hovering at a low level, with a clear expectation of a rebound.
The daily trend is in a stabilizing oscillation phase after a decline.
[2. 4-Hour Technical Analysis]
Trend Judgment:
ETH has been continuously bottoming above the support level of 2433, the 4-hour moving averages are starting to intertwine and converge, and the cost of chips is concentrated, indicating that a trend change is imminent.
Currently under pressure from EMA50/EMA100, but if this pressure is broken, it will form a clear accelerating upward pattern.
Bollinger Band Observation:
Price has tested the lower band multiple times without breaking, and the lower band of the Bollinger channel is flattening, suggesting a rebound demand for 'returning to the middle band' after a downward failure.
The 4-hour signal shows that ETH is building a short-term box bottom in the 2450-2550 range, with the potential to launch an attack above 2600-2650.
[3. 1-Hour Short-Term Rhythm]
Rhythm Characteristics:
Price is continuously oscillating around 2510, with MACD dual lines merging and preparing for a golden cross.
Trading volume is starting to expand moderately, indicating that bulls are tentatively exerting force.
Conclusion: The 1-hour rhythm structure is biased towards strength; if it can break through the 2530-2540 neckline with volume, it will trigger the start of the 2650 rally.
[Trading Strategy Suggestion: Focus on Long Positions]
Entry Position: 2516.05
First Support: 2548.00
Second Support: 2568.90
Stop Loss Position: 2479.83
