$ETH 8.7 ETH analysis approach
1. On the 1-hour timeframe, after the price spiked up to 1923, it faced pressure and pulled back. Currently, it is repeatedly fighting around the 1900 level. In the short term, moving averages are stuck together and moving sideways, and both long and short forces are in a tug-of-war.
For resistance, watch the 1915-1925 area above. For support, watch the 1885-1875 area below.
If it retraces and stabilizes in the 1880-1890 area, you may look for rebound opportunities. For risk control, use 1870 as a defensive reference, with upside targets at 1920-1950.
If it rebounds and faces pressure in the 1920-1930 area, you may look for pullback opportunities. The downside targets are 1880-1850.
On the news front, the market continues to weigh expectations for Fed policy. Combined with changes in overseas geopolitical conditions, risk sentiment repeatedly switches. Compared with the “big cake,” the “second cake” tends to have stronger price elasticity, but currently the willingness of funds to chase has weakened. The price has been oscillating repeatedly around the 1900 area, which also confirms that this is a key battleground for positioning and trading.
In a ranging market, be patient and wait for signals at key levels. Do not blindly chase or cut positions. Control your position size and set up defensive measures.
1. On the 1-hour timeframe, after the price spiked up to 1923, it faced pressure and pulled back. Currently, it is repeatedly fighting around the 1900 level. In the short term, moving averages are stuck together and moving sideways, and both long and short forces are in a tug-of-war.
For resistance, watch the 1915-1925 area above. For support, watch the 1885-1875 area below.
If it retraces and stabilizes in the 1880-1890 area, you may look for rebound opportunities. For risk control, use 1870 as a defensive reference, with upside targets at 1920-1950.
If it rebounds and faces pressure in the 1920-1930 area, you may look for pullback opportunities. The downside targets are 1880-1850.
On the news front, the market continues to weigh expectations for Fed policy. Combined with changes in overseas geopolitical conditions, risk sentiment repeatedly switches. Compared with the “big cake,” the “second cake” tends to have stronger price elasticity, but currently the willingness of funds to chase has weakened. The price has been oscillating repeatedly around the 1900 area, which also confirms that this is a key battleground for positioning and trading.
In a ranging market, be patient and wait for signals at key levels. Do not blindly chase or cut positions. Control your position size and set up defensive measures.