ETH short-term trend observation:
The current ETH price is 2,617 USDT, reaching a high of 2,654 USDT in 24 hours and a low of 2,511 USDT. From the chart, ETH has broken through multiple key moving averages, especially the crossover of MA5 and MA20, indicating that the bulls are exerting their strength.
However, from the perspective of MACD and KDJ, the current K value and J value are both at high levels, and there is a certain overbought risk. In the short term, the price may face callback pressure, and pay attention to the support level near 2,550 USDT. If this support can be stabilized, the bulls will be expected to continue to push up to above 2,700 USDT.
