After reviewing the one-hour Ethereum chart, it got stuck again at the MA60 level in the early morning. The Bollinger Bands are not significantly expanding, but there’s something interesting on the Buenos Aires side—MACD is starting to shrink above the zero line, with the fast and slow lines approaching each other, possibly about to form a death cross. The three lines of the KDJ have already crossed downward, approaching the 50 level; RSI is also heading down, with the 44 level forming a crossing structure. This short-term correction faces considerable pressure.
Looking downward, both the lower band and yesterday’s low need to be watched closely. Once these two levels are broken, the downside space opens up.
Switching to the 4-hour chart makes the overall picture much clearer. The middle band has been suppressing the price; after the death cross a couple of days ago, the fast and slow lines are converging, clearly indicating that momentum is waning. The KDJ has shown a clear turning point around 64, and the three RSI lines have successfully turned downward. All these signals point to a short-term correction being a fairly clear trend. If a breakdown occurs, the next support level is likely around 2800, possibly even reaching the lower boundary of the daily chart before stopping.
Trading strategies can go in two directions—
**For short positions**: Light short above 2960, with a stop loss above 3020, targeting initially at 2900. If 2900 doesn’t hold, continue to watch the 2880-2850 range; if it breaks further, then chase down to below 2800.
**For long opportunities**: Light long below 2800, with a stop loss below 2740, initial targets are 2850-2910-2960. If it breaks above 3000-3050, you can hold and wait for a higher rebound.
The key still depends on how these levels perform.
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ProbablyNothing
· 13h ago
ETH is starting to drag on again; I'm tired of this routine.
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GateUser-9ad11037
· 13h ago
This analysis is quite detailed, but the key point is whether the 2800 level can hold.
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NFTregretter
· 13h ago
Still short at 2960, betting that it will continue to drop.
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SighingCashier
· 13h ago
Wow, once again fluctuating around 2960. This time, it's really exhausted; I need to watch 2800 to see the outcome.
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¯\_(ツ)_/¯
· 13h ago
Damn, another death cross. This wave is really getting annoying.
#比特币流动性 $ETH
After reviewing the one-hour Ethereum chart, it got stuck again at the MA60 level in the early morning. The Bollinger Bands are not significantly expanding, but there’s something interesting on the Buenos Aires side—MACD is starting to shrink above the zero line, with the fast and slow lines approaching each other, possibly about to form a death cross. The three lines of the KDJ have already crossed downward, approaching the 50 level; RSI is also heading down, with the 44 level forming a crossing structure. This short-term correction faces considerable pressure.
Looking downward, both the lower band and yesterday’s low need to be watched closely. Once these two levels are broken, the downside space opens up.
Switching to the 4-hour chart makes the overall picture much clearer. The middle band has been suppressing the price; after the death cross a couple of days ago, the fast and slow lines are converging, clearly indicating that momentum is waning. The KDJ has shown a clear turning point around 64, and the three RSI lines have successfully turned downward. All these signals point to a short-term correction being a fairly clear trend. If a breakdown occurs, the next support level is likely around 2800, possibly even reaching the lower boundary of the daily chart before stopping.
Trading strategies can go in two directions—
**For short positions**: Light short above 2960, with a stop loss above 3020, targeting initially at 2900. If 2900 doesn’t hold, continue to watch the 2880-2850 range; if it breaks further, then chase down to below 2800.
**For long opportunities**: Light long below 2800, with a stop loss below 2740, initial targets are 2850-2910-2960. If it breaks above 3000-3050, you can hold and wait for a higher rebound.
The key still depends on how these levels perform.