ETH Morning Analysis

In the four-hour level range, although there are occasional rebounds and corrections in the downward trend, the volume has shown a continuous shrinking trend. The rebound lacks the support of capital momentum and is merely a technical respite under the downward trend. This weak rebound pattern, characterized by divergence in volume and price, suggests that after a short-term adjustment, the price is likely to continue its original downward trajectory. Do not treat the rebound as a reversal signal. Although the MACD energy bars show a marginal reduction, they remain trapped in a low range and continue to hover without an effective volume signal for a stop in decline, making it difficult to form a substantial reversal market, with significant limitations on both the height and sustainability of the rebound.

Operation suggestion: Near 2880-2840, target around 2700

Reviewing the early morning period, Bitcoin strongly rebounded after hitting the bottom at 84011, with concentrated release of momentum, the price oscillated upward all the way until it climbed to 86817 in the morning, while Ethereum also showed a synchronous strengthening, steadily rising from the low of 2718, with a morning high of 2812. $ETH #加密市场回调