Today's Market Physical Examination Report

Ethereum's intraday price rebound enters the 2400-2480 fluctuation phase

In the short term, the market may maintain a volatile consolidation trend. Currently, both long and short forces have somewhat slowed down. A continuous top divergence has appeared on the 1-hour K chart, indicating a weakening of the bulls. It is recommended to look for three buying points on the 1-hour level below 2400.

Technical Analysis

BOLL: The current price is near the middle band, and the narrowing of the Bollinger Bands suggests reduced volatility. The short-term direction is unclear.

MA: The short-term 6-day moving average has crossed above the 30-day moving average, forming a golden cross, indicating a short-term rebound, but the long-term trend remains unclear.

MACD: The shortening of the red bars shows a weakening of the bulls, but it is still in the positive area, with the fast and slow lines oscillating towards convergence.

RSI: The RSI is fluctuating around 50, not reaching overbought or oversold conditions, indicating that the market is in a balanced consolidation state.

Volume: Recently, when touching the bottom at 2111.00, the trading volume increased. During the subsequent rebound, the trading volume gradually decreased, and market sentiment is tending towards wait-and-see. Recommended Actions

Buy at the bottom between 2350-2320

Protect at 2300

Target 2400-2450