ETH Technology:

1. Weekly Level: The price is currently in a rebound phase after breaking below the trendline, in a downtrend rebound stage. Therefore, the current price is in a rebound - retest - confirming resistance. From the strength of the rebound, it has reached 3200+, but there are still multiple resistances above: 3340, 3480, 3600. These previous high-level resistance areas may become the endpoint of this round of rebound. As long as it does not break 3600, the overall trend is still bearish.

2. Daily Level: The price has broken through a W bottom, showing strong short-term momentum with three consecutive bullish candles, indicating strong bullish control. However, it is currently in the mid to late stages of this rebound trend. There is a high probability of significant volume play or a first wave of high pullback happening at this position, so caution is advised when chasing long positions.

3. From the Vegas perspective, the daily resistance area resonates with Vegas.

4. 4-Hour Level: The price characteristics on the 4-hour chart show a stepped rise in lows, a strong phase of price increase (without significant pullbacks), and continuous bullish candles breaking through various short-term pressure levels. At the same time, the previous Vegas resistance has also been broken. The appearance of TD9 at high levels without a pullback indicates that short-term capital is actively pushing prices higher.

5. The price has continuously shown TD9+TD13 bearish signals at high levels, accompanied by KDJ and RSI being in the overbought zone. There is a high probability of a downward correction today. Do not blindly chase long positions; if you want to chase long positions, you can only do so after a correction. The price is stuck in the middle, not going up or down, so focus on pending orders.

Follow Mei Jie, focusing on ETH technical strategy analysis. The team still has spots available. Join quickly #美联储重启降息步伐 $ETH