Academician of the Crypto Circle: Ethereum (ETH) at 8.5 fluctuates with undercurrents, is the window for a trend change approaching? Latest market analysis reference

The current price of Ethereum is 1870, and the market has not yet shown a clear trend. The overall direction is still being contested; many people often think about seizing a big trend but ignore that in a fluctuating market, chasing highs and lows is the worst mistake. During a strong rise, don't get carried away and chase longs; during a sharp decline, don't panic and mindlessly short. In a fluctuating market, the focus is not on explosive profits but rather on position management and patience. After a major decline, the price enters a repair phase, with both bulls and bears pulling back and forth; opportunities lie at key support and resistance levels. If you don't clearly see the signals and enter blindly, it's easy to get repeatedly hit. Instead of frequently trading back and forth wasting capital, it’s better to wait patiently for a clear direction from the market

The daily K-line currently oscillates below the Fibonacci 78.6% resistance, with the short-term EMA30 near 1854. The price operates just above the short-term moving average, which is gradually turning upward, indicating a repair rebound after the decline. The MACD indicators DIF and DEA are below the zero line, with weak red bars expanding slightly; bullish momentum has warmed up but has not fully gained the upper hand. The current middle line of the Bollinger Bands is at 1886, the upper line at 1948, and the lower line at 1824, with prices close to the Bollinger middle line. Strong resistance above on the daily is at 2242, with key support below at 1503; without breaking through the key range shortly, it remains a rebound repair and has not fully reversed the larger downward trend.

The four-hour K-line is hovering around the Fibonacci 38.2% level near 1870. EMA15, EMA30, and EMA60 are tangled together, and the convergence of moving averages represents an increasing divergence between bulls and bears, indicating that the market is about to choose a direction. The short-term pressure above is at 1982, the high point of this round of rebound, with the first support below at 1730. The MACD fluctuates near the zero line, with red and green bars alternating, showing no sustained expansion, a typical oscillating characteristic. The middle line of the Bollinger Bands is at 1862, with the current price just touching the middle line, the upper line at 1889, and the lower line at 1835. The entire channel is narrowing, and the volatility space is compressed. If the 4-hour can hold above 1870, there is a chance to test the high of 1982; if it falls below the support of 1835, it will retest the 1730 level again.

Short-term reference:

If it doesn’t break from 1800 to 1850, go long, stop loss at 1760, target 1880 to 1920.

If it doesn’t break from 1980 to 2020, go short, stop loss at 2050, target 1930 to 1890.

The specific operation relies on real-time market data. For more detailed information, you can consult the author. The publication of the article has a delay, so it is advised for reference only, and the risk is borne by yourself.

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