📣1/21 Ethereum Trend Detailed Analysis and Steady Operation Recommendations:

Yesterday, Ethereum short positions closed profitably after multiple perfect exits. The four-hour chart shows a clear bearish dominant weak oscillation pattern, with prices consolidating around 2950. Resistance is strong at 3000-3050, while 2920-2900 is a key support zone. Technical indicators show bearish resonance, with insufficient rebound momentum.

From the four-hour Ethereum price trend analysis, the daily candlestick chart indicates that recent prices have dropped rapidly from a high of 3282.77 to 2960.3, forming consecutive bearish candles followed by a slight rebound, overall showing a weak correction trend. In the 4-hour cycle, after a sharp decline, the candles are consolidating with long upper and lower shadows, indicating a temporary balance of power between bulls and bears. The MACD on the daily and 4-hour charts is below the zero line, with DIF and DEA diverging downward, but short-term signs of volume reduction suggest a potential phase of oscillation and correction. The 4-hour RSI is at 23.9, approaching oversold territory, indicating a technical rebound is needed; however, the daily chart remains weak with no clear divergence signals. The price is currently below EMA7, EMA30, and EMA120, with all moving averages in a bearish alignment, and EMA7 (3007) providing short-term resistance.

Key support levels are 2920-2900 (intraday pivot + previous consolidation lower boundary) and 2880-2780 (medium-term strong support). Breaking below 2920 would confirm the failure of the rebound and open further downside space.

Key resistance levels are 3000-3050 (the bull-bear dividing line), 3145 (EMA20), and 3280 (previous consolidation upper boundary). The rebound failing to break 3000, combined with EMA20 below, strengthens bearish momentum.

1/21 Ethereum Steady Operation Recommendations:

It is advised to enter long positions around 2970-2990, with target levels at 2940-2900-2880, and watch for a potential dip near the previous low of around 2770!

Strategies are time-sensitive; implement strategies primarily based on free guidance!$BTC $ETH #加密市场观察 #BTC行情分析 #高盛关注预测市场 #现货黄金再创新高 #Gate每10分钟送1克黄金