Today's morning technical indicators update
According to the latest daily technical analysis on TradingView (as of GMT 01:21):
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Current price: $3672.9 USD, down from yesterday.
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Oscillators: Overall leaning towards neutral, with 2 sell signals, 9 neutral signals, and 0 buy signals. This indicates that buying momentum is weakening in the short term.
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Moving Averages: Overall leaning towards buying, with 3 sell signals, 1 neutral signal, and 11 buy signals. Although long-term moving averages still indicate buying, short-term moving averages (such as EMA10, SMA10, and Hull moving average (9)) have shown sell signals, which requires attention.
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Comprehensive summary: Overall leaning towards neutral, with 5 sell signals, 10 neutral signals, and 11 buy signals. This shows a cautious and wait-and-see market sentiment compared to yesterday's 'strong buy' signal.
Summary: This morning's Ethereum technical indicators show signs of a short-term pullback, with oscillators and some short-term moving averages signaling sell. Although the long-term trend still leans towards buying, investors should be cautious of short-term risks.
Today's morning market sentiment and fundamental analysis update
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Market sentiment: Although the price of Ethereum has pulled back this morning, the cryptocurrency market's 'Fear and Greed Index' remains in the 'Greed' range, indicating that overall market sentiment is still optimistic. However, it is worth noting that reports indicate that the recent rise in Ethereum is primarily driven by the spot market (such as ETFs and US stock purchases), while the futures market is not the main driver. This may suggest that market sentiment has not yet reached a 'peak' and there is still room for further increases, but a short-term pullback may occur.
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Fundamental factors: The fundamentals of Ethereum continue to improve. Recently, a significant amount of ETH has flowed into staking, for example, a wallet from FTX/Alameda Research has deposited 20,736 ETH (approximately $78.96 million) into Ethereum PoS for staking, and an institutional strategy for a $463 million ETH treasury has initiated the first purchase of $57 million ETH. The influx of these large funds and the continued accumulation by whale addresses indicate that institutions and large holders are optimistic about Ethereum's long-term prospects. Additionally, the upgrade to Ethereum 2.0 and the advancement of scalability solutions lay a solid foundation for the long-term development of Ethereum.
Summary: Although this morning's Ethereum market sentiment is influenced by a short-term pullback, it remains generally optimistic. On the fundamental side, the continued inflow of institutional funds and the accumulation behavior of whales, along with Ethereum's own technological developments, provide strong support for ETH. While investors should pay attention to short-term fluctuations, they should also recognize the long-term value of Ethereum.
Today's morning trading strategy and order point suggestions
Given the short-term pullback signs in Ethereum this morning, but the long-term trend and fundamentals remain positive, the following strategy is recommended:
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Long position (buying) strategy:
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Entry point: It is recommended to enter at 3650−3650 -
3650−
Look for buying opportunities in the $3700 USD region. If the price can pull back to around $3600 USD and show signs of stabilization, it would be a safer entry point.
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Stop loss level: Set the stop loss below $3550 USD to control risk.
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Take profit level:
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First target: $3800 USD.
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Second target: $3900 USD.
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Short position (short selling) strategy:
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Entry point: If the price rebounds to 3800−3800 -
3800−
If the $3850 USD region fails to break through effectively and shows clear top reversal signals, consider taking a light short position.
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Stop loss level: Set the stop loss above $3900 USD.
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Take profit level:
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First target: $3700 USD.
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Second target: $3600 USD.
Risk warning: Contract trading is extremely risky; please strictly control your position and manage risks. The above analysis is for reference only and does not constitute investment advice. The market is constantly changing; please adjust your strategies flexibly based on real-time market conditions. $ETH