Today's ETH Trading Suggestions Ethereum is currently experiencing a pullback following the overall market trend, with an increase of about 1%, mainly influenced by Bitcoin price fluctuations. From a technical perspective, the price has found some support in the $3,000-$3,050 range, and although there has been a pullback, it has not broken below the key moving average system, and the medium-term upward trend remains intact.
Market sentiment is cautious, with a significant decrease in futures open interest indicating a wait-and-see attitude among traders. However, on-chain data such as whale accumulation against the trend and a decrease in exchange reserves suggest a long-term bullish outlook.
Short-term forecast (1-3 days)
1. Consolidation: The price is expected to fluctuate in the $3,150-$3,300 range, digesting recent profit-taking.
2. Key observation points:
◦ If it falls below 3100, it may test the 3000 support.
◦ If it rises above 3400, it may challenge the 3700 resistance.
3. Trading suggestions:
◦ Range traders: Sell high and buy low between $3150-$3300.
◦ Long-term holders: Buy in batches below $3150, with a defensive position at $2950.
◦ Observers: Consider entering after breaking and stabilizing above $3400.
Conclusion$ETH
Ethereum is currently in a pullback phase, but the overall upward trend has not changed. In the short term, it will mainly consolidate, focusing on the $3150 support and $3400 resistance.
