Ethereum: Pullback to Moving Averages for Repair, Awaiting Volume Breakout for Reversal

Ethereum is currently in a short-term consolidation phase within a medium-term uptrend. In the recent adjustment over the past two days, the K-line has pulled back to the short-term moving averages (MA7/14), repairing the technical gap caused by the weekend's rise. The short-term moving averages have formed a golden cross and are extending upward, with the K-line overall maintaining a fluctuating upward trend, and the overall upward structure has not been broken.

Recently, trading volume has continued to shrink, especially during rebounds where the volume is insufficient, indicating a heavy wait-and-see sentiment among funds, lacking the momentum to drive a major upward trend.

The MACD indicator has formed a golden cross at a low level, with the histogram gradually expanding positively, showing that the rebound momentum is slowly recovering, but the indicator is still below the 0 axis, belonging to a weak repair golden cross, and has not yet entered a strong trend stage.

In the subsequent market, attention should be focused on whether the price can break through $4250 within 1-3 days. If it breaks through, it will form a small double bottom structure, further opening up space above, with a target range looking towards $4500-$4700.

In terms of intraday operations,

Focus on bullish opportunities at the support level of $4010-$3970 below,

And watch the resistance level of $4100-$4150 above. #加密市场回调