$ETH


1. Current Price and Trend
- Current Price: 1,973.76
- Overall Pattern: The price has recently rebounded from a low of 1,907 and is currently in the upper middle of a range-bound oscillation. There is a clear resistance near the previous high at around 1,995, with support from the middle Bollinger Band.
- Bollinger Bands (BOLL): The price is currently hugging the upper band (1,995.34), with the upper band slightly opening upward, indicating short-term bullish momentum but facing strong resistance.

2. Indicator Signals
- MACD: DIF (3.37) is above DEA (5.10), but the MACD histogram (-1.73) is negative, and both DIF and DEA are hovering near the zero line. This suggests weakening bullish momentum and a possible correction or retracement.
- RSI (14): The RSI value is 49.19, near the midpoint of 50. This indicates a relatively balanced market with no clear overbought or oversold signals, but approaching the 50 midpoint suggests a potential shift in direction.
- Volume (Vol): The recent volume bars show increased volume during upward moves (red bars), but there is no sustained volume expansion, indicating limited upward momentum.

Based on the above analysis, the market is currently in a range-bound state leaning slightly bullish but with diminishing momentum. The resistance near 1,995 is significant.

1. Long (Buy) Strategy: Wait for a pullback and stabilization before entering, avoid chasing highs.
- Support/Entry Point A: 1,959 - 1,960
- Logic: This is near the middle Bollinger Band and a previous key support zone. If the price pulls back to this level and shows signs of stabilization (such as long lower shadows or bullish engulfing candles), it is a good short-term long entry point.
- Support/Entry Point B: 1,933 - 1,940
- Logic: If the price breaks below the middle band, the next significant support is at the previous range bottom.
- Stop Loss: Below 1,950.
- Take Profit: 1,995 (the previous high resistance). If broken, target 2,012.

2. Short (Sell) Strategy: Consider light short positions near resistance levels.
- Resistance/Entry Point A: 1,995 - 1,998
- Logic: This is near the upper Bollinger Band and previous high resistance. The price has tested this level multiple times and pulled back. If the price rises again to this level and shows signs of stagnation (such as long upper shadows or bearish candles), it is a good short entry point.
- Stop Loss: Above 2,005.
- Take Profit: 1,970 - 1,960 (near the middle Bollinger Band). If the price breaks below the middle band, target 1,933.

- Short-term Focus: Watch key levels at 1,959 (support) and 1,995 (resistance).
- Trading Approach: The current price is around $1,973, in the middle of the range. It is advisable to wait and see until the price reaches key support or resistance levels before entering trades, avoiding chasing in the middle.
- Risk Management: Set strict stop losses, control position sizes, and avoid heavy leverage.
ETH0,36%
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YMDZ
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MC:$2.53KHolders:2
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Star-gazingvip
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· 8h ago
Good luck and prosperity 🧧
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