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Entering the Cryptocurrency World with AI.
Ethereum Market In-Depth Analysis: The "Bull Rebound" in Oversold Recovery
The current Ethereum market is at a very delicate juncture: short-term sentiment is extremely euphoric, but the long-term trend has yet to break through. Here is a detailed technical breakdown:
1. Market Status: Unstoppable Momentum with Hidden Concerns
From the 15-minute to daily chart levels you provided, ETH shows a strong oversold rebound characteristic.
• V-shaped Reversal Confirmed: On the 4-hour level, after hitting a low of $2,784, a clean and sharp V-shaped rally has been formed, and it has now broken through the middle band of the Bollinger Bands. This indicates strong bottom-fishing buying pressure below.
• Short-term Overbought Risk: The 15-minute and 1-hour charts show the price running close to the upper band of the Bollinger Bands. While this indicates strong momentum, it also means that the indicators and price are somewhat "disconnected" in the short term, and a technical pullback could occur at any time.
• Long-term Resistance Zone: The real test lies in the $2,950 - $3,000 price range. This is both a daily-level resistance and a previously dense area of positions before the sharp decline.
2. Indicator Signal Analysis
• Bollinger Bands (BOLL): Narrowing oscillation followed by an upward opening, indicating increasing volatility.
• MACD: The 4-hour MACD shows a bullish crossover with increasing histogram bars, supporting continued short-term upward movement.
• KDJ: In a high-level stagnation state. Note: High-level stagnation is not a sell signal but an indicator of extreme strength. However, once a death cross occurs, a correction can be very rapid.
3. Practical Entry Strategy
In the current situation, it is strictly forbidden to chase the rise with full position above $2,940.
2. Risk Control Setup
• First Take Profit Point: $2,950-60 (there will be selling pressure here).
• Second Take Profit Point: $2,980-3000.
• Defensive Stop-Loss Point: $2,850. If the price falls below this, it indicates the failure of the V-reversal, and the market may revert to a bearish mode.
4. Core Summary
The current situation: a partial victory for the bulls within a bearish trend.
Do not be blinded by short-term rallies. A true "bullish scenario" requires ETH to successfully recover and stabilize above $3,000. Until then, all upward movements should be viewed as "recovery."
Trading Tip: Better to miss a pullback than to hang at the top. Currently, it is recommended to wait for a 15-minute level volume contraction pullback before entering.