Overnight ETH moved in tandem with Bitcoin, surging higher and quickly breaking through the $3000 level, reaching a high of around 3035. It then faced resistance and pulled back, currently trading sideways near 3006, showing a pattern of consolidation at high levels.
From a 4-hour technical perspective, the price briefly broke above the upper Bollinger Band but quickly retreated. Although the MACD indicator has formed a golden cross, the KDJ has entered the overbought zone. This clearly indicates that the short-term bullish momentum is nearly exhausted, and a correction is strongly needed. Currently, blindly chasing long positions is extremely risky.
Trading Suggestions Rebound to the 3030-3050 range to establish short positions, with targets down to 2950-2900#内容挖矿焕新公测开启 #中东局势升级 #加密市场结构法案出现转机
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1.28 ETH Market Analysis
Overnight ETH moved in tandem with Bitcoin, surging higher and quickly breaking through the $3000 level, reaching a high of around 3035. It then faced resistance and pulled back, currently trading sideways near 3006, showing a pattern of consolidation at high levels.
From a 4-hour technical perspective, the price briefly broke above the upper Bollinger Band but quickly retreated. Although the MACD indicator has formed a golden cross, the KDJ has entered the overbought zone. This clearly indicates that the short-term bullish momentum is nearly exhausted, and a correction is strongly needed. Currently, blindly chasing long positions is extremely risky.
Trading Suggestions
Rebound to the 3030-3050 range to establish short positions, with targets down to 2950-2900#内容挖矿焕新公测开启 #中东局势升级 #加密市场结构法案出现转机