Ethereum started rising from 2085, forming a ladder-like uptrend, subsequently reaching a phase high at 2385. The current price has pulled back to around 2320, showing a short-term technical correction, but the bullish trend remains unchanged.
The MACD indicator shows a turning point at high levels, with red columns shrinking close to the zero axis, indicating weakening bullish momentum and the beginning of momentum decay phase.
RSI has pulled back to around 50, with market sentiment shifting from strong to neutral, and short-term buying power weakening.
In terms of trading volume, it expands during rallies and contracts during pullbacks, with the market entering a high-level consolidation and digestion phase. Upper resistance levels are at 2350-2380, with key support at around 2280. A break below could trigger panic adjustment. Currently 2280 serves as short-term support, and 2350-2380 is the resistance zone.
Operation Suggestion: Go long in the 2290-2310 range, targeting 2360-2380#ETH
Ethereum Afternoon Market Operation Suggestion
Ethereum started rising from 2085, forming a ladder-like uptrend, subsequently reaching a phase high at 2385. The current price has pulled back to around 2320, showing a short-term technical correction, but the bullish trend remains unchanged.
The MACD indicator shows a turning point at high levels, with red columns shrinking close to the zero axis, indicating weakening bullish momentum and the beginning of momentum decay phase.
RSI has pulled back to around 50, with market sentiment shifting from strong to neutral, and short-term buying power weakening.
In terms of trading volume, it expands during rallies and contracts during pullbacks, with the market entering a high-level consolidation and digestion phase. Upper resistance levels are at 2350-2380, with key support at around 2280. A break below could trigger panic adjustment. Currently 2280 serves as short-term support, and 2350-2380 is the resistance zone.
Operation Suggestion: Go long in the 2290-2310 range, targeting 2360-2380#ETH