9.26 Early Morning ETH Market Analysis
From the current market perspective, the price is in a typical range fluctuation state, oscillating between the strong support at 3821 and the strong resistance at 4112.82. The technical indicators show that although the recent candlestick pattern has formed a bullish reversal engulfing pattern, suggesting that the price may rise further in the short term, the moving average system still presents a bearish arrangement, and the long-term moving average downtrend remains unchanged, indicating a lack of a clear trend direction in the market. In addition, insufficient trading volume further limits the possibility of a price breakout against resistance. Therefore, pay attention to the point changes marked in the chart, and do not enter blindly.
Long Position: Enter near 3970, target 4024, 4070
Short Position: Enter near 3925, target 3873, 3835
From the current market perspective, the price is in a typical range fluctuation state, oscillating between the strong support at 3821 and the strong resistance at 4112.82. The technical indicators show that although the recent candlestick pattern has formed a bullish reversal engulfing pattern, suggesting that the price may rise further in the short term, the moving average system still presents a bearish arrangement, and the long-term moving average downtrend remains unchanged, indicating a lack of a clear trend direction in the market. In addition, insufficient trading volume further limits the possibility of a price breakout against resistance. Therefore, pay attention to the point changes marked in the chart, and do not enter blindly.
Long Position: Enter near 3970, target 4024, 4070
Short Position: Enter near 3925, target 3873, 3835
