$ETH coin-circle academician: 8.18 Ethereum (ETH) order book keeps washing back and forth. Is Ethereum about to repair and rebound, or is it a bull trap? Latest market analysis reference
Ethereum is currently trading at 1907. The price has been grinding around 1900—there’s no clear breakout signal to the upside, while support holds from below. Many people feel stuck in a difficult dilemma: holding hurts, but selling in a panic is unwilling. The bigger trend hasn’t moved into a one-way market. Sideways choppiness is the easiest environment to repeatedly get stopped out. A lot of traders overtrade on the short term, getting slapped back and forth; they make small gains from a few pullbacks only to give them all back.
On the daily (day) chart, price is moving around the EMA15 and EMA30 lines. The moving averages, which have started turning down, are gradually flattening out, and downside momentum has clearly eased. However, the medium- to long-term EMA60 and EMA90 remain above and continue to act as overhead resistance. The MACD indicator’s DIFF and DEA are turning upward from low levels; the red histogram is being released mildly, but there has been no strong volume expansion. The Bollinger Bands are narrowing as the opening contracts. Price is trading below the Bollinger midline. The Fibonacci 78.6% level at 2242.77 is a key overhead resistance zone, while strong support sits at 1503.60. We are currently in the bottom-repair phase after a major drop. The market has not yet confirmed a reversal into a bullish uptrend; it’s more of a consolidation and base-building phase. There is heavy resistance overhead, so rebounds will likely face repeated pressure.
On the four-hour chart, price is probing the resistance above the 4-hour level. The EMA moving-average cluster is tangled and stuck together, meaning the short-term bulls and bears are in a fierce battle. The MACD lines are above the zero axis, and the red histogram is expanding slightly. Short-term bullish momentum is present to some extent, but trading volume has not been consistently expanding, so the sustainability of any rally is questionable. The Bollinger Bands’ channels are closing; price is running near the upper band. The upper band at 1903 is short-term resistance, while the lower band at 1866 is an important defense support. The Fibonacci 38.2% level at 1870.42 is the short-term line in the sand between bulls and bears—price keeps fighting above that level. Since the four-hour chart hasn’t produced a clear one-way move and remains a range-bound market, pushes upward are likely to face pullbacks. When price retests support, buyers may step in again. This suits a “sell high, buy low” approach; it is not suitable to chase orders blindly.
Short-term reference:
Long (try position) from 1875 to 1855, stop loss 50 points, target 1940 to 1980
Long (try position) upward from 1950 to 1970, stop loss 50 points, target 1910 to 1880
For specific execution, rely mainly on live order-book data. For more information and details, you can check the article author. Note: the article is published with a delay.
#ETH走势分析
Ethereum is currently trading at 1907. The price has been grinding around 1900—there’s no clear breakout signal to the upside, while support holds from below. Many people feel stuck in a difficult dilemma: holding hurts, but selling in a panic is unwilling. The bigger trend hasn’t moved into a one-way market. Sideways choppiness is the easiest environment to repeatedly get stopped out. A lot of traders overtrade on the short term, getting slapped back and forth; they make small gains from a few pullbacks only to give them all back.
On the daily (day) chart, price is moving around the EMA15 and EMA30 lines. The moving averages, which have started turning down, are gradually flattening out, and downside momentum has clearly eased. However, the medium- to long-term EMA60 and EMA90 remain above and continue to act as overhead resistance. The MACD indicator’s DIFF and DEA are turning upward from low levels; the red histogram is being released mildly, but there has been no strong volume expansion. The Bollinger Bands are narrowing as the opening contracts. Price is trading below the Bollinger midline. The Fibonacci 78.6% level at 2242.77 is a key overhead resistance zone, while strong support sits at 1503.60. We are currently in the bottom-repair phase after a major drop. The market has not yet confirmed a reversal into a bullish uptrend; it’s more of a consolidation and base-building phase. There is heavy resistance overhead, so rebounds will likely face repeated pressure.
On the four-hour chart, price is probing the resistance above the 4-hour level. The EMA moving-average cluster is tangled and stuck together, meaning the short-term bulls and bears are in a fierce battle. The MACD lines are above the zero axis, and the red histogram is expanding slightly. Short-term bullish momentum is present to some extent, but trading volume has not been consistently expanding, so the sustainability of any rally is questionable. The Bollinger Bands’ channels are closing; price is running near the upper band. The upper band at 1903 is short-term resistance, while the lower band at 1866 is an important defense support. The Fibonacci 38.2% level at 1870.42 is the short-term line in the sand between bulls and bears—price keeps fighting above that level. Since the four-hour chart hasn’t produced a clear one-way move and remains a range-bound market, pushes upward are likely to face pullbacks. When price retests support, buyers may step in again. This suits a “sell high, buy low” approach; it is not suitable to chase orders blindly.
Short-term reference:
Long (try position) from 1875 to 1855, stop loss 50 points, target 1940 to 1980
Long (try position) upward from 1950 to 1970, stop loss 50 points, target 1910 to 1880
For specific execution, rely mainly on live order-book data. For more information and details, you can check the article author. Note: the article is published with a delay.
#ETH走势分析