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ETH Market Analysis
January 27, 2025, 10:00 AM ETH Today Market Analysis
As of 10 PM, the candlestick chart shows a downward correction trend.
The price is around 2935, with the Bollinger Bands' three lines parallel, near 2920, 3010, and 2830.
In the short term, the MA5 and MA10 moving averages have a golden cross and are rising, with the gap widening.
MACD indicator: The MACD double lines are below the zero line, with a golden cross upward, indicating bullish momentum is building.
RSI indicator: RSI14 is around 50, indicating a normal trading phase.
Resistance levels: 2965, 3025, 3080
Support levels: 2900, 2850, 2780
Long strategy: If the trigger signal hits the 2900 support level, it is unlikely to dip further; if it breaks downward, watch the 2850 support level.
Entry points: 2900, 2850
Stop-loss levels: 2860, 2810
Take-profit levels: 3080, 3025
Short strategy: If the trigger signal hits the 2965 resistance level, it is unlikely to break upward; if it breaks through, watch the 3025 resistance level.
Entry points: 2965, 3025
Stop-loss levels: 3000, 3065
Take-profit levels: 2780, 2850
Analysis time frame is before 10:30 PM. Please note this time period.
#ETH