1.25ETH
From a broader perspective, the current 4-hour level of ETH is still in a weak rebound after a decline, overall in a sideways recovery phase, and has not formed a clear trend reversal.
Key Long and Short Positions
The core contention zone of the current price is clear, with both long and short parties competing at key positions:
Upper Pressure Zone:
Strong Resistance Zone: 3000 – 3020 (Bollinger Band middle track and MA moving average dense area)
Secondary Resistance Zone: 2975 – 2990
Core Fluctuation Axis: 2940 – 2960 (the area where the current price is repeatedly pulled)
Lower Support Zone:
Long Bottom Line/Key Defense Zone: 2890 – 2920 (especially 2900 as the psychological bottom line for bulls)
Technical Indicator Status
MACD: Although there has been a continuous week of red bars, the DIF line has not turned green and crossed above the zero line, indicating that the internal momentum for the rebound is still limited.
RSI: Operating in the neutral weak range of 40-50, consistent with typical oscillating market characteristics, has not provided clear signals for overbought or oversold directions.
Core Viewpoint
After a continuous decline, ETH is currently in a phase of technical recovery and oscillation accumulation. The choice of direction (continuing the rebound or re-testing) is not the difficulty itself, but the specific position is crucial.
Above: The 3000-3020 area is the core defense level for bears; an effective breakthrough can open up greater rebound space.
Below: The 2900-2920 range is the bottom line that bulls must defend; once breached, it may trigger a new round of decline.
The daily level is forming a potential bullish shark pattern. If the market falls below 2900 and retests, one can enter long near the Fibonacci 0.886 position, which is around 2833.
From a broader perspective, the current 4-hour level of ETH is still in a weak rebound after a decline, overall in a sideways recovery phase, and has not formed a clear trend reversal.
Key Long and Short Positions
The core contention zone of the current price is clear, with both long and short parties competing at key positions:
Upper Pressure Zone:
Strong Resistance Zone: 3000 – 3020 (Bollinger Band middle track and MA moving average dense area)
Secondary Resistance Zone: 2975 – 2990
Core Fluctuation Axis: 2940 – 2960 (the area where the current price is repeatedly pulled)
Lower Support Zone:
Long Bottom Line/Key Defense Zone: 2890 – 2920 (especially 2900 as the psychological bottom line for bulls)
Technical Indicator Status
MACD: Although there has been a continuous week of red bars, the DIF line has not turned green and crossed above the zero line, indicating that the internal momentum for the rebound is still limited.
RSI: Operating in the neutral weak range of 40-50, consistent with typical oscillating market characteristics, has not provided clear signals for overbought or oversold directions.
Core Viewpoint
After a continuous decline, ETH is currently in a phase of technical recovery and oscillation accumulation. The choice of direction (continuing the rebound or re-testing) is not the difficulty itself, but the specific position is crucial.
Above: The 3000-3020 area is the core defense level for bears; an effective breakthrough can open up greater rebound space.
Below: The 2900-2920 range is the bottom line that bulls must defend; once breached, it may trigger a new round of decline.
The daily level is forming a potential bullish shark pattern. If the market falls below 2900 and retests, one can enter long near the Fibonacci 0.886 position, which is around 2833.