- Recent prices have been oscillating around 3100, failing to break through the previous high of around 3145, showing signs of weak consolidation.
- On the daily chart, multiple consecutive small bullish and bearish candles with decreasing volatility indicate a market in wait-and-see mode.
2. Technical Indicators:
- MACD: In the 4-hour cycle, both DIF and DEA are below the zero line, but the gap is narrowing, the green histogram is weakening, and bearish momentum is diminishing.
- RSI: The current RSI value is 43.69, indicating a neutral to slightly weak zone, with no clear overbought or oversold signals in the short term.
- EMA: EMA7 (3094.67) is close to the current price, providing support; EMA30 (3118.25) and EMA120 (3079.04) act as resistance and stronger support respectively. The overall trend remains sideways.
3. Volume:
- Recent trading volume has been decreasing, especially on the 4-hour cycle, indicating reduced market activity and a temporary stalemate between bulls and bears.
- On the daily chart, the volume spike after the sharp decline has ended, and the market is now in a low-volume consolidation phase. 【Buy and Sell Levels】
- Buy Point 1: 3080 USDT (near the previous swing low, with strong support from EMA120 at around 3079)
- Buy Point 2: 3050 USDT (psychological support at an integer level, close to the January 8 low of 3054, with potential strong buying interest)
- Long position stop-loss: 3035 USDT (risk increases if price falls below 3050; set 15 points below the 3050 level to avoid false breakouts)
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- Sell Point 1: 3120 USDT (near EMA30 resistance at 3118, also the upper boundary of recent consolidation)
- Sell Point 2: 3150 USDT (psychological resistance at an integer level, close to the January 9 high of 3145, with selling pressure)
- Short position stop-loss: 3165 USDT (a breakout above 3150 could open upward space; set 15 points above 3150 to avoid false breakouts)
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【Price Trend Analysis】
1. Candlestick Patterns:
- Recent prices have been oscillating around 3100, failing to break through the previous high of around 3145, showing signs of weak consolidation.
- On the daily chart, multiple consecutive small bullish and bearish candles with decreasing volatility indicate a market in wait-and-see mode.
2. Technical Indicators:
- MACD: In the 4-hour cycle, both DIF and DEA are below the zero line, but the gap is narrowing, the green histogram is weakening, and bearish momentum is diminishing.
- RSI: The current RSI value is 43.69, indicating a neutral to slightly weak zone, with no clear overbought or oversold signals in the short term.
- EMA: EMA7 (3094.67) is close to the current price, providing support; EMA30 (3118.25) and EMA120 (3079.04) act as resistance and stronger support respectively. The overall trend remains sideways.
3. Volume:
- Recent trading volume has been decreasing, especially on the 4-hour cycle, indicating reduced market activity and a temporary stalemate between bulls and bears.
- On the daily chart, the volume spike after the sharp decline has ended, and the market is now in a low-volume consolidation phase.
【Buy and Sell Levels】
- Buy Point 1: 3080 USDT (near the previous swing low, with strong support from EMA120 at around 3079)
- Buy Point 2: 3050 USDT (psychological support at an integer level, close to the January 8 low of 3054, with potential strong buying interest)
- Long position stop-loss: 3035 USDT (risk increases if price falls below 3050; set 15 points below the 3050 level to avoid false breakouts)
---
- Sell Point 1: 3120 USDT (near EMA30 resistance at 3118, also the upper boundary of recent consolidation)
- Sell Point 2: 3150 USDT (psychological resistance at an integer level, close to the January 9 high of 3145, with selling pressure)
- Short position stop-loss: 3165 USDT (a breakout above 3150 could open upward space; set 15 points above 3150 to avoid false breakouts)
ETH 4-hour price trend: Sideways