ETH1 hourly price hits high resistance, short-term enters weak oscillation

Market Summary ETH fell back after being blocked from reaching a high of 2270 USDT, and recorded a long upper shadow on the daily chart, indicating clear high-level selling pressure. At present, the 1-hour level is showing a bearish correction trend, with prices running below the EMA30 and EMA120 moving averages, putting short-term technical pressure. Key Data Analysis Moving average system: Short period EMAs are arranged in a bearish pattern, and the downward movement of EMA120 constitutes dynamic resistance. Indicator status: MACD seller strength strengthens, DIF continues to decline; RSI is at 43, neutral and weak, and has not yet entered the oversold range, indicating that there is still room for adjustment. Volume price relationship: The recent pullback has been accompanied by a decrease in trading volume, and the market's wait-and-see sentiment has become stronger, resulting in a lack of motivation for capital inflows. [Operation reference position] Bottom support: The first support focuses on 2150 (integer psychological threshold), and the second strongest support is around 2125. Upper resistance: The first pressure level is 2225, and the second critical pressure level is 2245. Risk control: It is recommended to set the long stop loss at 2112 and the short stop loss at 2257. [Operation suggestion] The current market is in a phase of contraction and correction after a breakthrough, and the long short game tends to be cautious. Pay close attention to the effectiveness of the 2150 support level, and it is not advisable to be overly bullish until there is a signal of volume reversal. In terms of operation, the main approach should be interval oscillation, and strict implementation of stop loss should be carried out to prevent the risk of trend breaking. Risk Warning: The views, conclusions, and recommendations presented in this article are for reference only and do not constitute investment advice. The market is risky, and investment needs to be cautious.