🔥Evening analysis $ETH : Good news realized, focus on oscillation recovery
ETH has entered a 【oscillation recovery period after good news realization】 in the short term. Although the bullish structure has not been completely destroyed, the upward momentum has clearly weakened. The overall rhythm has shifted from rising to consolidation, and it is essential to observe whether the support below can hold steady.
Key points: Resistance: The primary resistance at 3300 has turned from previous support, with core resistance at 3400-3450 MA60 + previous highs. A strong breakout can aim for 3515-3590.
Support: The first support is in the 3150-3200 range, with the 50-day line + high transaction density area. Strong support at the psychological level of 3100-3000 + lower range. If broken, the rebound structure will fail.
From the current market analysis: The daily line's five consecutive gains have ended, and the price has dropped back below 3300. The MACD momentum is shrinking, and the market is entering an optimistic—anxious phase, with profit-taking pressure rising.
On the 4-hour level, although the MACD is still biased towards bearish, the energy bar has reduced, and the RSI has rebounded from the oversold area. There is a demand for short-term recovery, but it is necessary to prevent a second dip after a top divergence.
With good news realized and sentiment cooling, #以太 is primarily focused on oscillation recovery in the short term. In terms of operations, it is recommended to short high and long low, with quick entries and exits while closely monitoring the 3150 support and 3400 resistance. Follow up if it breaks.
