$ETH

First, the conclusion

📝 Operation Idea

• Short-term:

In the case of RSI being overbought, it is not recommended to chase the high; you can wait for a pullback to the 4870–4850 range to find support before considering entering the market.

• Medium-term:

As long as 4820 is not broken, you can continue to hold long positions, targeting 4950–5000.

• Risk Warning:

Once there is a volume increase followed by a decrease, be cautious of a false breakout above 4900, which may quickly pull back.

🔎 Current Market Data

• Current Price: 4916.55

• 24h High: 4935.98

• 24h Low: 4717.68

• EMA Moving Averages:

• EMA(7): 4872.47 (Short-term trend is strongly upward)

• EMA(25): 4817.35

• EMA(99): 4772.23

→ Price is above all moving averages, indicating strong short-term strength, with bulls in control.

• RSI:

• RSI(6): 78.89

• RSI(12): 77.20

• RSI(24): 71.51

→ All above 70, indicating that it is already in the overbought range, and there may be pullback pressure at any time.

• MACD:

• DIF: 33.05

• DEA: 20.48

• MACD Bar: 12.57 (Red bars continue to expand)

→ Bullish momentum continues to strengthen, and there are no signs of reversal yet.

• Trading Volume:

• Current trading volume MA(5) > MA(10), volume is increasing, indicating that the rise is driven by funds, not a false rally.

⸻

📈 Trend Interpretation

1. Short-term Trend (15m-1h)

RSI is overbought, and MACD is still expanding, indicating that the market may still have inertia for impact, but is facing slight pullback at any time.

2. Medium-term Trend (4h)

Stabilizing above EMA(25) and EMA(99), with moving averages showing a bullish arrangement, indicating a healthy upward trend. As long as the price does not fall below the 4820–4850 area, the medium-term bulls are fine.

3. Key Levels

• Resistance Level: 4935 (previous high) → 4950 (round number), and looking further up at the psychological level of 5000.

• Support Level: 4870 (EMA7), 4820 (EMA25), if it falls below here, the short-term will weaken.