$ETH /USDT Trading Analysis: Stabilizing at the Key Level of 3000, Short-term Trend is Strong but Validity of Breakthrough Needs Confirmation
Current Ethereum price $3,036.15, up +1.96% in 24 hours, successfully standing above the important psychological threshold of $3,000. The price is operating within the range of $2,944 - $3,060, with trading volume moderately increasing, indicating a certain level of capital interest.
Key Data Observations:
1. Bullish Alignment of Moving Averages: The current price has stabilized above all key moving averages (MA7/MA25/MA99), and the short-term moving averages are diverging upwards, indicating a shift to a strong short-term trend.
2. Facing Resistance at Previous Highs: The price is clearly under pressure near the 24-hour high of $3,060, which constitutes a key resistance level in the near term. A valid breakthrough at this position may open further upward space.
3. Healthy Volume-Price Structure: The increase is accompanied by a moderate increase in trading volume, with no abnormal high volume observed, indicating a healthy progression. The area around $2,990-$3,000 (MA25 and previous platform) forms initial support.
4. Divergence in Multi-Cycle Performance: The increase over the past 30 days (+12.15%) is significant, but the past 7 days still show a slight decline (-1.57%), indicating that the upward momentum mainly comes from the recent period, while the mid-term trend is still consolidating.
Trading Ideas Reference:
· For holders: Consider moving the stop-loss protection level up to around $2,990 (MA25 and hourly support) to protect profits. If the price can break through $3,060 with volume, consider partially increasing positions in the trend.
· For spectators: It is not advisable to heavily chase highs at the current position. Consider two strategies:
· Aggressive: Wait for the price to pull back to the $3,000-$2,990 support area and stabilize before trying a small long position.
· Conservative: Wait for the price to clearly break through and stabilize above $3,060 before entering.
· General Risk Control: If the price falls back and closes below $2,990 on the daily chart, the short-term breakthrough may fail, and there is a need to guard against the risk of a pullback to around $2,945 (MA99).
The above analysis is based on publicly available market data and does not constitute any investment advice. Cryptocurrency is highly volatile; please make independent judgments and strictly control risks.
