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ETH has fallen back to around 3,320, precisely hitting the previous support zone. Multiple timeframes are signaling a "rebound":
- 4-hour timeframe: Staying steady near the strong support at 3,055. The MACD histogram is narrowing and about to turn green, indicating that the downward momentum is nearly exhausted. The KDJ has also turned up from oversold territory, signaling a clear reversal.
- 1-hour timeframe: The MA7 and MA30 are converging and preparing to turn, with the KDJ showing a golden cross and diverging. Volume is gradually increasing locally, and buying interest is quietly supporting the floor.
Although there was a net outflow of 315 million in the short term, the selling pressure has noticeably eased after the oversold condition. Market sentiment has shifted from panic to stabilization, and no one is eager to sell aggressively anymore.
Recommendation: Consider buying around 3,250 and 3,220. Targets are 3,450 and 3,550 USD.