12.4 Midnight ETH View
The current ETH price is around 3070, with a daily increase of +2.56%. Ethereum continued its rebound rhythm yesterday, peaking at 3145 during the day before facing resistance and dropping back, stabilizing above 3050 after a correction in the evening. Overall, it is in a strong volatility consolidation phase, with a short-term sentiment leaning bullish, but high-level pressure remains evident.
BOLL: The upper band is at 3103, the middle band is at 3037, and the lower band is at 2971; the K line is still operating in the middle-upper band area. The Bollinger Bands are slightly narrowing, indicating that short-term fluctuations are tightening, and the market is entering a consolidation phase. A strong resistance is formed in the 3100–3115 range; if it breaks and stabilizes, it is expected to extend to around 3140.
MACD: DIF: 41.78, DEA: 45.21, the red bars are shortening. MACD is still above the zero axis, but the red bars are significantly decreasing, indicating a weakening of bullish momentum. In the short term, it may continue to consolidate and oscillate, waiting for a new direction confirmation.
Long Position
Entry Point: 3035 – 3050
Target Price: 3095–3125
Stop Loss Position: 3015-3000, either of the two stop loss positions can be chosen, if it breaks down, consider leaving directly.
Short Position
Entry Point: 3100 – 3125 resistance met on retracement
Target Price: 3050-3030
Stop Loss Position: 3140-3150, either of the two stop loss positions can be chosen, if it breaks through, consider leaving directly.
ETH maintains a strong oscillation pattern; although momentum has retreated, the bullish trend remains unbroken. In the short term, it may continue to consolidate at high levels, and after technical indicators are repaired, there is still potential for upward movement.
The bullish trend remains unchanged, with high-level oscillation corrections; in operations, focus on low long positions and use high short positions for defense.
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