$ETH Crypto Market Academician: 10.14 Ethereum (ETH) Daily K-line engulfing, 4H golden cross—how long can the fuel for this rebound keep burning?
Ethereum is currently at 2510. I’ve noticed a pattern: every time the chart prints a bullish candle, the comments section immediately splits into two camps. The bulls shout “everything is surging,” while the bears shout “a bull trap—distribute into strength.” Both sides are half right: the rebound is here, but a reversal is still a long way off.
After retreating from the daily K-line high of 2806, the price has made its first convincing move back above EMA60. This is the first hurdle for the medium-term bulls to reclaim. EMA15 and EMA30 above the price have flattened and turned downward, forming the first layer of short-term resistance. Both MACD’s DIF and DEA are below the zero line. The green bars have started to shrink from their longest point, indicating that bearish momentum is fading, but there has not yet been a golden cross. This is a recovery phase following the decline, not confirmation of a reversal. The lower Bollinger Band at 2441 was briefly tested yesterday before the price bounced. This level is important in the short term.
After falling from 2806 to a low of 2357, the four-hour K-line has formed the early shape of a W bottom. The current price of 2517 is sitting right at the Bollinger Band middle line, also at 2517—caught between rising and falling. EMA15 has flattened, while EMA30 is just overhead. EMA60 and EMA90 remain above the price in a bearish alignment. MACD has just printed red bars below the zero line, with DIF crossing above DEA. This is a golden-cross rebound on the 4H timeframe, but the red bars are very short, showing that the bulls have not yet fully unleashed their strength. The three Bollinger Bands are converging, which means the market will likely choose a direction in the next 12 to 24 hours. Whether the price holds above or falls below the middle line is crucial.
Short-term levels to watch:
Long: 2500 to 2470 for a potential bottom; stop-loss 40 points; targets 2560 to 2600.
Short: 2570 to 2580 for signs of stalling; stop-loss 40 points; targets 2520 to 2460.
For specific trades, prioritize real-time market data. For more information, you can contact the author. This article was published with a delay and is for reference only. Trade at your own risk.
#ETH走势分析
Ethereum is currently at 2510. I’ve noticed a pattern: every time the chart prints a bullish candle, the comments section immediately splits into two camps. The bulls shout “everything is surging,” while the bears shout “a bull trap—distribute into strength.” Both sides are half right: the rebound is here, but a reversal is still a long way off.
After retreating from the daily K-line high of 2806, the price has made its first convincing move back above EMA60. This is the first hurdle for the medium-term bulls to reclaim. EMA15 and EMA30 above the price have flattened and turned downward, forming the first layer of short-term resistance. Both MACD’s DIF and DEA are below the zero line. The green bars have started to shrink from their longest point, indicating that bearish momentum is fading, but there has not yet been a golden cross. This is a recovery phase following the decline, not confirmation of a reversal. The lower Bollinger Band at 2441 was briefly tested yesterday before the price bounced. This level is important in the short term.
After falling from 2806 to a low of 2357, the four-hour K-line has formed the early shape of a W bottom. The current price of 2517 is sitting right at the Bollinger Band middle line, also at 2517—caught between rising and falling. EMA15 has flattened, while EMA30 is just overhead. EMA60 and EMA90 remain above the price in a bearish alignment. MACD has just printed red bars below the zero line, with DIF crossing above DEA. This is a golden-cross rebound on the 4H timeframe, but the red bars are very short, showing that the bulls have not yet fully unleashed their strength. The three Bollinger Bands are converging, which means the market will likely choose a direction in the next 12 to 24 hours. Whether the price holds above or falls below the middle line is crucial.
Short-term levels to watch:
Long: 2500 to 2470 for a potential bottom; stop-loss 40 points; targets 2560 to 2600.
Short: 2570 to 2580 for signs of stalling; stop-loss 40 points; targets 2520 to 2460.
For specific trades, prioritize real-time market data. For more information, you can contact the author. This article was published with a delay and is for reference only. Trade at your own risk.
#ETH走势分析