ETH 1-Hour Technical Analysis — Rebound Meets Resistance, Awaiting Breakthrough

Resistance Levels

• First Resistance: $2,965-2,970 (Previous high of the consolidation platform, short-term selling pressure zone)

• Strong Resistance: $3,010-3,020 (MA100 + previous decline platform, medium-term key resistance)

Support Levels

• First Support: $2,900-2,910 (MA30 + recent swing low, short-term bullish defense line)

• Strong Support: $2,785-2,800 (Current correction low, critical defensive position)

Technical Indicator Interpretation

1. Moving Averages: Short-term moving averages (MA5/MA10/MA20) form a bullish arrangement, with MA5 continuously crossing above other averages, indicating sufficient short-term rebound momentum; medium-term averages (MA30/MA50/MA100) show signs of flattening, with price above the medium-term averages, easing the medium-term weakness pattern.

2. MACD: The two lines form a golden cross above the zero line, with the red histogram continuously expanding, indicating bullish momentum dominates and the rebound trend is clear.

3. RSI: Current reading is 61.24, in a neutral to slightly bullish zone, approaching overbought levels, market sentiment is optimistic but caution is needed for potential pullback after overbought.

4. Volume: During the rebound, volume increases, consistently above MA5/MA10 average volume lines, showing the rally is driven by increasing funds, with strong continuation potential.

5. Bollinger Bands: The bands are widening, with the upper band rising and the lower band flattening; price is operating near the upper band, indicating a strong trend, but the validity of the upper band resistance needs further confirmation.

Summary

ETH on the 1-hour chart is in a rebound phase encountering resistance, awaiting a breakout. The bullish alignment of moving averages and increasing volume support upward movement, but RSI nearing overbought levels warrants caution for a pullback. The current price approaches the previous high of the consolidation platform, and whether resistance can be broken will determine the next direction. The market is at a critical point of bullish and bearish forces, and without a clear volume breakout signal, the consolidation pattern is unlikely to change.#内容挖矿焕新公测开启