Currently, the trend resembles a "deep breath before the movement begins." Only if the 3180-3200 level holds will this correction become a step toward better growth. The current price fluctuates around 3215, and it is recommended to "watch more than act," observing the appearance of a long lower shadow on the 4-hour candlestick chart.
The following forecasts have two possibilities:
First possibility: retesting the level and a repeated breakthrough (probability 60%)
Price remains in the range of 3180-3200 (this is an important support level on the 4-hour timeframe). After 8-12 hours of flat and exhaustion of MACD energy on the 1-hour timeframe, a repeated achievement of target levels 3300-3350 is possible.
Second possibility: deep correction (probability 40%)
If Bitcoin along with ETH begins a sharp decline and ETH breaks the 3180 level, the market may enter a deep correction phase, with the price returning to previous breakout levels, approximately 3120-3150. In this case, the flat period could continue for 2-3 days.
Key indicators:
- Very short-term (15 minutes/1 hour): a bearish trend prevails, searching for a bottom. At these levels, the price has already broken all moving averages (MA5, 10, 21), showing a downward tendency.
- MACD: in divergence phase with the zero line, indicating continued selling pressure.
- WR: in oversold zone below -80, indicating short-term bounce potential, but this bounce is most likely a "technical rebound," not a trend reversal.
Medium-term (4 hours): an important moment (support test)
The 4-hour chart is key for analysis; the price is exactly at the MA21 level (around 3199-3200). In an upward trend, MA21 is the "lifeline." If volume decreases here and it breaks through, the movement from around 2900 could end.
KDJ indicator: at high levels, forming a bearish cross and quickly heading down, indicating a potential test of the bottom.
Long-term (day): the bull trend structure is intact, signs of correction are obvious
The daily chart remains strong; MACD shows a golden cross and increasing histogram. From 3307 to 3210 — this is just a long shadow on the candle, which is a normal correction after growth, with the goal of clearing profitable positions and leverage before the 3000 level.
Entry strategy:
❤️ Long position entry:
Currently, ETH on the 4-hour chart is exactly at MA21 (around 3199.55), which is the "lifeline." For strong growth, this level is a high-risk short-term entry point.
• Entry zone (long): 3200 - 3210
• Reason: support on the 4-hour moving average, as well as a psychological level.
• Small stop-loss: 3175
• Reason: previous minimum on the 15-minute and 1-hour charts — around 3182. Setting a stop-loss at 3175 can avoid the "trap" of a false breakout, and if the price breaks this level — the trend will change, and it is time to exit.
• Risk management: stop-loss size — about 30-35 points (about 1%), which is a standard small stop.
• Target levels:
• First target: 3260 - 3280 (recovery of previous decline, as well as resistance level on the 1-hour chart).
• Second target: 3300 - 3310 (previous high, with a breakout — even higher targets).
Analysis of possible market changes
If the 3180 level is broken with volume (the candle body closes below), it is recommended to immediately close the long position. The next strong support is around 3120-3140, with a vacuum between these levels.
❤️ Short position entry:
Option 1: trading on rebounds (breakout stop)
This option is suitable when the price returns to the resistance level and the growth impulse diminishes.
• Entry zone: 3255 - 3275
• Reason: resistance level on the 1-hour chart in this range. If the price bounces here but MACD on the 15-minute chart forms divergence — the rebound will end.
• Small stop-loss: 3315
• Reason: previous maximum — around 3307. If the price breaks through and consolidates above 3315 — the bullish trend will return, and short positions should be closed.
• Target levels: first — 3180, second — 3120.
Option 2: trading on support breakdown (trend reversal)
This option is suitable when support is broken and the trend becomes bearish.
• Entry zone: 3175 - 3185 (breakout and short)
• Reason: support on MA21 on the 4-hour chart near 3200, and the previous minimum — 3182. If the price closes below 3180 — the trend is changing, and downward movement opens.
• Small stop-loss: 3225
• Reason: returning above 3220 — a false breakout, watch carefully.
• Target levels: 3120 - 3100, targets are round numbers.
Since MACD on the 4-hour chart is not yet fully deteriorated, it is recommended to first observe support at 3200.#GateAIOfficiallyLaunches