ETH Market Analysis


January 27, 2025, 10:00 AM ETH Today Market Analysis
As of 10 PM, the candlestick chart shows a downward correction trend.

Price is trading around 2935, with the Bollinger Bands three lines parallel, near 2920, 3010, and 2830.
Short-term MA lines MA5 and MA10 are forming a golden cross and trending upward, with the gap widening.
MACD indicator: The MACD lines are below the zero line, forming a golden cross and trending upward, indicating bullish momentum is building.
RSI indicator: RSI14 is around 50, indicating a normal trading phase.

Resistance levels: 2965, 3025, 3080
Support levels: 2900, 2850, 2780

Long position strategy: The trigger signal at the 2900 support level makes further decline unlikely; if it breaks downward, watch the 2850 support level.
Entry points: 2900, 2850
Stop-loss: 2860, 2810
Take-profit: 3080, 3025

Short position strategy: The trigger signal at the 2965 resistance level makes a breakout difficult; if it breaks upward, watch the 3025 resistance level.
Entry points: 2965, 3025
Stop-loss: 3000, 3065
Take-profit: 2780, 2850
ETH0,26%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • 1
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)