📊 ETH/USDT Daily K-line Technical Analysis【3500 Points Resistance is Key】

1. Trend Structure and Moving Averages
The price has been declining unilaterally from the previous high of 4,253.12 USDT, and after finding support at 2,621.32 USDT, it entered a correction phase. Currently, the price has dipped to the 2,952.49 USDT level. The short-term MA5 and MA10 are showing a death cross pattern, with the price breaking below short-term moving averages, indicating that short-term bearish momentum is temporarily dominant; the medium to long-term moving averages (MA20, MA30, MA50, MA100) remain in a bearish arrangement, with the price being suppressed by the MA100 (3,230.87 USDT). The medium-term downward pressure persists, and the correction rally faces resistance and pulls back.

2. Volume-Price Relationship and Capital Flow
Recently, during the pullback phase, trading volume has decreased compared to the rebound period. The volume moving averages are also turning downward, indicating reduced willingness of market funds to absorb positions, and short-term longs are exiting. Currently, there is no panic selling volume, showing that selling pressure has eased, but the volume has not expanded significantly. Future focus should be on the direction after consolidation with decreasing volume. If volume breaks below support with increased volume, the downside risk will further intensify.

3. Multi-Dimensional Technical Indicator Validation
• MACD: DIF and DEA form a death cross below the zero line, with the red histogram turning green and continuing to expand, indicating short-term bullish momentum is weakening, and bearish forces are regaining strength. The indicator has not yet broken above zero, remaining a weak signal. A trend reversal in the medium term requires the indicator to effectively stay above zero and for the red histogram to continue expanding.

• RSI: The current value is 39.55, in a neutral to slightly weak zone, not entering overbought or oversold territory. Short-term pullback still has potential space, with no clear signs of momentum exhaustion. Attention should be paid to the RSI turning downward; if it encounters resistance near the 30 level and rebounds, it is likely to trigger a phase of rebound.

4. Key Price Levels and Market Dynamics
Resistance Levels
1. 3,080.41 USDT: The MA10 resistance level, the first key obstacle for short-term rebound. Effective breakthrough requires volume support; without volume, upward attempts are likely to encounter resistance and pull back.
2. 3,230.87 USDT: The MA100 support level, a core point for medium-term trend reversal. A volume-supported stabilization above this level will ease medium-term bearish pressure and open up further upside space.

Support Levels
1. 2,958.29 USDT: The MA5 support level, also the lower boundary of recent consolidation, an important short-term defense level for bulls. Falling below this will weaken the correction trend, trigger short-term exits, and cause the price to revert to weakness and consolidation.
2. 2,621.32 USDT: The previous low during the decline and the starting point of this correction rally, a short-term trend watershed. A confirmed break below this level indicates the correction has failed, and the price will restart its decline.

Overall, ETH/USDT daily K-line is in a phase of resistance and pullback after oversold correction. Short-term bearish momentum has increased, but medium-term support still exists. The subsequent trend depends on the strength of the 2,958.29 USDT key support and the breakthrough of resistance levels above. Volume and price action will be crucial for the continuation of the trend.#特朗普取消对欧关税威胁