ETH 15-Minute Overall Analysis

Recently, the price has been fluctuating upward, but the trend is unclear.
In the short term, the market is in a consolidation phase, with the fluctuation range gradually narrowing, but the trend direction is still unclear. The MACD indicator shows that bears are dominant, while the KDJ golden cross and the trend reversal indicator's "long" signal suggest a potential rebound opportunity in the short term, and attention should be paid to the performance of the support level.
Suggestion:
Short-term traders: You can try to take a small position for a trend reversal trade, paying attention to the performance around the support point near 2540. If the price effectively breaks through the middle band of the Bollinger Bands and the resistance level at 2580, you may consider increasing your position to go long. However, if it breaks below the blue horizontal support line, you need to stop-loss and exit.
Trend traders: It is advisable to wait for a clear market direction before entering. If the price breaks through the resistance level of 2605.90, you may follow the trend and go long; however, if it drops below 2540, the market may continue the bearish trend, and it is important to pay close attention to the adjacent support range.
Cautious Strategy: Due to the weak market volatility, it is advisable to wait and observe, and to participate opportunistically after the Bollinger Bands widen and trend indicators confirm the direction.
Technical Analysis
Candlestick pattern: At 18:45, a flat bottom appeared, indicating a potential support signal; at 19:15, a bullish engulfing pattern appeared, suggesting strong upward momentum.
BOLL: The current Bollinger Bands are in a narrow consolidation, with prices oscillating around the middle band, and the short-term direction is unclear.
MACD: The DIF line crosses below the DEA line forming a death cross, indicating that bears are dominant, and the short-term market is weak.
KDJ: The K line and D line have formed a golden cross at a low position, with the J value recovering from the oversold area, indicating a potential rebound.
Follow the trend and counter the small trend for short positions: The current trend is bearish, but the "long" signal indicates a possible short-term rebound, with the blue support line being the key focus.
Potential Buy and Sell Points
Buy point: 2550 USDT (close to the recent low support area, while the KDJ indicator shows signs of a rebound, there is a short-term opportunity to go long)
Long stop loss point: 2540 USDT (breaking below the blue support level indicates that the bearish trend may continue, confirming the failure of the long position)
Sell point: 2588 USDT (close to recent resistance high, while MACD shows weakening bullish strength, suitable for short-term shorting)
Short stop loss point: 2606 USDT (A new upward trend may form after breaking the previous high of 2605.90, short position invalidated)

This interpretation is for reference only. You can switch periods to quickly interpret the candlestick chart and generate detailed analysis!