$ETH

🔎 Trend Analysis

1. Price Position

• Current price 4634.52, rebounding from the low of 4518, with a significant short-term increase.

• It has already surpassed EMA7 (4618) and EMA25 (4615), indicating that short-term rebound momentum exists.

• However, the upper EMA99 (4693) remains a key resistance level, and there may be obstacles around 4680~4700 in the short term.

2. Indicator Situation

• MACD: Green bars turning red and gradually expanding, indicating enhanced bullish momentum in the short term.

• RSI(6)=69.22, already close to the overbought range, caution is advised when chasing prices in the short term.

• Trading Volume: The rebound is accompanied by an increase in volume, indicating that funds are entering the market, but after consecutive rises, a pullback may be needed for confirmation.

3. Pattern

• A small V-shaped rebound has formed, indicating a strengthening short-term trend.

• However, overall, this is still just a rebound; only a valid breakout above 4700 and maintaining that level could open up more space.

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📈 Trading Suggestions

• Aggressive

You can lightly enter long positions around 4620~4630, targeting 4680-4700, with a stop-loss set below 4590.

• Conservative

Wait for the price to pull back near EMA25 (4615~4620) and enter long positions after stabilizing, which carries less risk.

• Risk Reminder

RSI is close to overbought; chasing prices can easily lead to losses, it is recommended to build positions in batches and strictly set stop-losses.