ETH Operation Strategy:
Currently, the price is around 3980, oscillating in the core range of 3820-4050. Everyone should first understand this major rhythm—if you want to find support in the short term, look at 3820-3850 (this is the recent low and the cost line for many friends, relatively solid); if you want to watch resistance, focus on 4000-4050 (this is both a psychological barrier and a previous high pressure zone, breaking through requires some effort).
Let’s also talk about the volume: the 24-hour trading volume is about 557.67 billion, which is 15% less than the previous day, indicating that market liquidity has tightened—selling pressure has eased somewhat, but the strength for a rebound has not fully accumulated yet, so don’t rush to chase for now.
On the technical side: the short-term moving averages on the daily chart (MA5, MA10) are slightly downward, and the weekly MA20 still serves as mid-term resistance; the daily MACD green bars are expanding, with bears temporarily in control, but the 4-hour MACD is close to the zero axis. If a golden cross can form, there might be a short-term rebound. The RSI is now at 28, already in the oversold zone, but there hasn't been a divergence signal yet, so the short-term rebound space should be viewed rationally. In terms of patterns, the daily chart has recorded three consecutive bearish candles and has broken below the symmetrical triangle, leaning bearish in the short term; the next target may point to 3595; the 4-hour chart is tightly oscillating between 3850-4000, and the Bollinger Bands have also narrowed. When volatility is low, it’s even more important to closely watch the breakout direction and not to step on the wrong rhythm.
It is recommended to go long around 3945-3975, with a target of 4010-4050. The market changes quickly, so be very careful, and make sure to prepare risk control in advance. Don’t be greedy, don’t hold on stubbornly, being stable is more reassuring~
Follow Xian Ge, and let him guide you back to profit
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