Current price: 3443.01 USDT
24-hour change: -4.181%
Major support level: 3335.96 USDT
Major resistance level: 3580.48 USDT
Current trend: oscillating bearish
Detailed explanation:
Technical indicators summary:
Moving average system: bearish arrangement
Current price 3443 is below all major moving averages (MA5=3469, MA10=3513, MA20=3513), especially significantly below MA120's 3726, indicating a clear bearish trend in the medium to long term. The price operates below the moving average system, establishing a bearish pattern.
MACD: currently in a death cross
DIF(1.01) is far below DEA(18.00), the histogram is -16.98, showing clear bearish momentum. MACD is below the zero axis and continues to diverge, indicating that the downtrend is ongoing.
BOLL: Price is running near the lower band.
Current price 3443 is close to the Bollinger Band lower band 3354, %B value is 0.22%, indicating that the price is at a relatively low level. The Bollinger Band is in an opening state, with a bandwidth of 0.09% showing that volatility is starting to expand, which may indicate an acceleration of the trend.
RSI: Oversold state
RSI6=31.14 is in the oversold range, RSI12=41.63 and RSI14=43.00 are also leaning toward oversold, indicating a potential technical rebound in the short term, but overall still biased towards bearish.
KDJ: Dead cross running
K value 15.61 is lower than D value 28.46, J value is 0 indicating extreme oversold, similarly suggesting a potential technical rebound in the short term, but the overall trend remains downward.
Capital flow analysis:
Contract funds net outflow of 106.49M USDT in 24H, with 664.21M USDT flowing out in 12H, indicating a large amount of contract funds leaving the market, and market sentiment is pessimistic. However, it is worth noting that there has been a net inflow of funds in the recent 5m-4H levels, which may suggest a short-term attempt to bottom out.
Spot funds net outflow of 391.78M USDT in 24H, but only 18.14M outflow in 7D, indicating that recent spot selling pressure is mainly concentrated in the last 24 hours.
Volume-price analysis:
From the K-line data, it can be seen that the recent decline is accompanied by increased volume (e.g., during the 1762272000000 period, trading volume was 2977777.5), while volume shrinks during rebounds, showing a typical bearish volume-price structure. The latest K-line shows that the price is fluctuating in the 3400-3450 range, with shrinking trading volume, which may form a short-term bottom.
Analysis results
Direction: Cautiously short
Entry timing:
It is recommended to short at high points in the 3480-3520 resistance range, or to follow a short after effectively breaking below the 3400 support level.
Aggressive traders may consider lightly trying long positions in the 3335-3360 support range (betting on a rebound)
Stop-loss setting:
Short position stop-loss: 3550 (3.2%)
Long position stop-loss: 3280 (3.5%)
Target price level:
Short position target: 3250-3300 (approximately 6-8% profit)
Long position target: 3480-3520 (approximately 4-6% profit)
Risk Warning: Currently in a key support area, avoid chasing highs and selling lows. Focus on the validity of the 3335 support level; if broken, it may accelerate downward to the 3247 or even 3091 support levels.
Reminder: This analysis is for reference only and does not constitute any investment advice!#美国结束政府停摆 #ETH巨鲸增持
