#ETH走势分析 ETH Analysis

Yesterday's review: the price surged to 3054 but did not break the previous high, then pulled back to 2909. It then oscillated around 2900 again. Those who followed yesterday's analyst's point levels could have caught another wave of gains. The volatility yesterday was characterized by a rise and fall of about 150 points.
After the Bollinger Bands on the 4-hour chart opened up, a horizontal trend began with the three lines. The price broke above the Bollinger Bands yesterday but did not surpass the previous high, then retraced and fell back below the middle band. The MA30 and the middle band formed short-term resistance. All moving averages are still in a horizontal to downward trend. If the price does not break MA5, a low-range sideways consolidation may occur. The MACD fast and slow lines have a dead cross, with the fast line already below the zero axis. After the lines converge, the slow line may also go below zero, indicating increasing bearish momentum. The RSI fast and slow lines are about to cross in the oversold area, suggesting a potential complex crossover trend. On the 1-hour chart, the Bollinger Bands are starting to tighten, with the price consolidating at low levels. To stabilize above MA5, the price needs to hold above MA5; if it does, it will test the upper MA120 without breaking, resulting in sideways consolidation. If it breaks, it will test the middle band. The mid-term moving averages are in a horizontal trend. The MACD fast and slow lines are below the zero axis with a slight bullish crossover, indicating increasing bullish momentum. The RSI fast and slow lines are crossing upward, with the fast line entering the overbought zone and then closing, while the slow line is about to enter the overbought area.
Conclusion: The price is consolidating sideways, leaning towards an upward trend. If it does not break the 4-hour MA30, it will continue to oscillate.
Resistance: 2960 2994 3054
Support: 2908 2887 2829
Strategy: Short if it does not break 2959, add positions at 2979, reduce positions after pullback, and add again at 3006.