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Today, Ethereum will continue the rebound sentiment from yesterday, showing a fluctuating upward trend. As for this week, the key resistance level above is near the MA10 daily moving average (the price line refers to the area around 3230-3290). Whether the rebound during the week can effectively break through the pressure in this area will directly determine the subsequent trend direction of Ethereum. Therefore, similarly, today we will observe the fluctuating upward movement in the short term.
Note that as long as the rebound strength this week cannot effectively break through (or the upward strength is insufficient) the 3230-3290 area, Ethereum will continue to decline in volume and accelerate the drop. $ETH
For the acute rebound in intraday short positions, I personally believe it is a washout behavior by the market maker. In summary, the key resistance line above is around 3000. As long as the short-term rebound sentiment of Ethereum cannot effectively break through 3000 (or in other words, the upward momentum is not strong enough to surpass 3000), Ethereum will continue to decline in volume afterwards (note that if it touches but does not break, then the subsequent drop will accelerate). The first support at the low point is still in the 2600-2500 range. For now, let's leave it at that and discuss further tomorrow.
Individuals expect that today the overall trend of Ethereum will still be sideways with downward behavior as the main focus. The first support at the low point remains in the 2600-2500 range. However, compared to yesterday, today's trading volume has slightly increased, and there is a possibility for the bears to accelerate during the day. Please be aware of the risks. $ETH
For today's intraday short-term trading, it is still recommended to primarily focus on a trend-following approach with high short positions. The first key support level at the lower end is in the range of 2600-2500 (the support in this area is still relatively strong, and a significant break is not expected in the short term). ETH#ETH走势分析
#BinanceABCs Individuals expect that today the market will mainly oscillate sideways, with the overall trend for the week estimated to be primarily 📈 followed by 📉. The key resistance level for the week is referenced around the 3400-3520 area #巨鲸动向
The personal expectation for today's intraday Ethereum overall trend is still primarily sideways with a bullish inclination, with the key resistance level still referenced in the range of 3410-3500. The following content is consistent with yesterday's analysis: 'Regarding the trend line, this rise is driven by the weekly chart, and whether it can resonate with the monthly chart's gap repair mainly depends on whether the 3410-3500 area can be effectively broken. If successfully broken, Ethereum will head towards the monthly MA5 area (around the price of 3750-3800); conversely, if the breakout is unsuccessful, it indicates that this rise is a normal rebound repair and accumulation of the downward box (in simpler terms, if it cannot successfully establish above the 3410-3500 area, Ethereum will continue to experience increased downward pressure)." $ETH
The individual expects that the overall trend of Ethereum today will mainly be a sideways fluctuation and rise, with the key strong resistance reference for the upper high point near the 10-day moving average of the weekly K-line (approximately in the price range of 3410-3500). As for the trend line, this rise is driven by the weekly line, whether it can resonate with the monthly line's gap repair mainly depends on whether the 3410-3500 area can be effectively broken through. If successful, Ethereum will head towards the MA5 of the monthly line (approximately in the price range of 3750-3800); conversely, if the breakthrough is ineffective, it means that this rise is a normal rebound and repair of the downward range and accumulation (in simple terms, if it fails to successfully stand above the 3410-3500 area, Ethereum will continue to decline). $ETH
In the intraday short term, we still expect a downward trend with fluctuations. The basic analysis approach is consistent with yesterday's views. The key support line for the current low is near 3000-2960. Note that the first short-term support for Ethereum has been effectively broken. Therefore, the next target can be gradually looked at down to the 2600-2500 area. The 3000-2960 area is the key short-term support. Only if it breaks down will it test lower. Conversely, if the support is effectively broken, Ethereum will experience a collapse; otherwise, it will continue to fluctuate around 3000 in a boxed range. However, during the weekend, it is advised that everyone rationally views the market and avoids frequent entries or turnovers.
The above is my personal intraday market analysis for your reference. $ETH
Today, the KDJ and MACD indicators continue to show a bullish trend with decreasing volume; the indicators are oscillating with reduced volume. As for the BOLL, it is generally trending downward with oscillation. In the main chart, the MA30-day moving average continues to decline, and it should be noted that the main chart's currency price has closed today below the MA5 and MA10-day moving averages, and has shown a red TD1. Therefore, I personally see a primary trend of oscillation and downward movement for short-term trading today. #ETH走势分析 $ETH
As long as Ethereum holds 3100–3040 and doesn't drop below, it still has the strength to pull up, looking at 3410–3500. If it can't hold and drops, then this wave is a false pull, and it will have to turn back. $ETH
$ETH The individual expects that there will be a slight pullback in Ethereum today, with the low support level referenced in the 3100-3040 range. Whether this pullback can effectively break 3100-3040 will directly determine if this breakout rise is valid (the current market's breakout rise has come too quickly, with no pullback to consolidate pressure turning into support, so nothing can decisively determine if it's a valid breakout). If the pullback strength during the day is weak and stabilizes above the support level (meaning it cannot break below 3100-3040), then Ethereum will continue to rise in volume, with the second strong resistance level referenced in the 3410-3500 range; on the contrary, if the support is broken, this breakout rise will be considered an invalid breakout.
For intraday trading, the pressure around 3100 is very crucial. As for the short-term rebound sentiment, if it can effectively break through 3100, then Ethereum will initiate a weekly rebound and repair the monthly gap (in simpler terms, if 3100 is successfully broken, the bulls will continue to increase in volume and look towards the second high point in the 3410-3500 range); on the contrary, if 3100 cannot be effectively broken for a long time, then Ethereum will continue to decline in volume, with the low point support still being around the 2600-2500 area. $ETH
Many people will be trapped on the mountain top. First, look for those starting with two, then look for those starting with one. Azu, don't add more. #$BTC #ZEC
I expect that today the overall Ethereum will continue to decline under bearish conditions, with the intraday low point still referencing the support around the 2566-2400 range. Note that if the 2566-2400 range is effectively broken, Ethereum will move straight towards the vicinity of 2000 (specific price reference is around 2100-1925).
The above is my personal analysis of the intraday, weekly, and monthly market conditions, for everyone's reference. $ETH