8.2 Ethereum (ETH) market analysis reference

Ethereum also broke down in the evening, with the price successfully breaking through the 3500 mark. The market tested the 3430 line before rebounding, and the current price is around 3490. In the short term, it is in a repair and consolidation phase, and the intra-day rebound has not stabilized around the 3600 line. However, the short-term downward trend remains unchanged, so our strategy is to short on rebounds. Pay attention to the resistance around the 3600 area.
In the 4-hour timeframe, there are consecutive large bearish candles breaking below the key EMA7 and EMA30 moving averages. The low point of 3427 forms a short-term support. In the daily timeframe, the combination of a long upper shadow and a bearish candlestick indicates heavy selling pressure above 3750. MACD: In the 4-hour timeframe, the double lines cross below the zero axis and the histogram expands. The fast and slow lines in the daily timeframe show a death cross at a high position. RSI: The 4-hour RSI has dropped to 24.8 in the oversold region, while the daily RSI plummeted from 87 to 53, showing a top divergence. EMA: The price has fallen below the 7-day and 30-day moving averages (3601/3720), and the 120-day moving average at 3529 forms a key defensive pressure level. It is advised to enter the market with a position.
8.2 Ethereum short-term reference:
Sell short range: 3560-3610 short, stop loss 30, target 30-60 points,
Long position at the test range of 3430-3380 with a stop loss of 30 points, target above 3500.
There is a delay in sending the article, and the strategy suggestions are for reference only. The market is changing rapidly, and regardless of how accurate the market judgment is, it is essential to set take profit and stop loss levels properly to secure profits. ( ) #以太坊交易量飙升# #比特币市场分析# #GT 2025第二季度销毁#