📊 ETH/USDT 1H Technical Deep Dive

1. Trend Structure and Moving Average Patterns
The price has been declining unilaterally from the previous high of 3,017.34 USDT, finding support at 2,784.18 USDT and entering a correction phase. Currently, the price stabilizes above the 2,876.21 USDT level. The short-term MA5 and MA10 form a golden cross, and the price is above the short-term moving averages, indicating that short-term bullish momentum is temporarily dominant; however, the MA20, MA30, MA50, and MA100 remain in a bearish alignment, with the price being suppressed by the MA50 (2,927.43 USDT). The medium-term downward pressure has not yet been alleviated. This correction is purely an oversold technical rebound, and a trend reversal remains to be confirmed.

2. Volume-Price Relationship and Capital Flow
During the rebound phase, trading volume increased significantly compared to the decline phase. The volume moving average turned upward simultaneously, indicating capital returning to the market and accumulation of buy orders at low levels. Short-term funds are beginning to position. However, the volume has not experienced a breakthrough expansion, and the strength of capital support for a trend reversal is insufficient. Most of the current volume increase is due to short-term funds covering previous positions, not large-scale entry of new trend-following capital. Caution is advised for potential volume contraction and a pullback after a rally.

3. Multi-Dimensional Technical Indicator Validation
• MACD: DIF and DEA are closely aligned below the zero axis. After the green bars gradually narrowed, red bars appeared, indicating a slight recovery in short-term bullish momentum. The indicator has not yet broken above zero, only signaling a weak rebound. A trend reversal requires the indicator to effectively break above zero and for the red bars to continue expanding.

• RSI: The current value is 46.52, in a neutral to slightly weak zone, not yet entering overbought or oversold territory. There is still potential for a short-term rebound, with no clear signs of momentum exhaustion. Attention should be paid to any upward turning signals; if the RSI encounters resistance near the 50 level and falls back, it is likely to trigger a phase correction.

4. Key Price Levels and Market Dynamics
Resistance Levels
1. 2,885.03 USDT: The MA20 resistance level, serving as the first key obstacle for a short-term rebound. Effective突破 requires volume support; without volume, upward attempts are likely to encounter resistance and fall back.
2. 2,927.43 USDT: The MA50 resistance level, a core point for medium-term trend reversal. A volume-supported breakthrough would ease medium-term bearish pressure and open space for further upward movement.

Support Levels
1. 2,843.94 USDT: The MA5 support level, also the lower boundary of the recent rebound consolidation zone. An important defensive position for short-term bulls; a break below would weaken the correction trend, trigger short-term long exits, and cause the price to revert to weak oscillation.
2. 2,784.18 USDT: The previous low during the decline and the starting point of this correction. It is a short-term trend watershed; a confirmed break below would mean the correction has failed, and the price would resume downward movement.

Overall, ETH/USDT on the 1-hour chart is in a correction rebound phase after being oversold. Short-term bullish momentum has slightly recovered, but medium-term moving averages still exert resistance. The subsequent trend depends mainly on whether the volume breakout at the 2,885.03 resistance occurs and the support strength below. The combination of volume and price action will be key to the continuation of the trend. #黄金白银再创新高