Qi Fei's analysis of ETH trends for next week: Following BTC's fluctuations and adjustments, the key points determine strength and weakness.



The current ETH price is at the 2995 level. From the 4-hour candlestick chart, after confirming the bottom at the previous 2620 stage, a rebound started, reaching a maximum of 3017. Currently, it is facing short-term pressure and is consolidating. Combined with the expectations of the Federal Reserve's interest rate cuts and technical signals, this week is generally showing fluctuations following BTC for repair, with key interval breaks determining the subsequent directional characteristics.

1. Support and Resistance
Strong support below: 2885 (key consolidation level during the rebound process), 2620 (stage bottom). If it falls below 2885 and the volume continues to flow out, the short-term rebound trend may be broken.
Key resistance above: 3020-3100 (recent rebound high + round number), if it breaks through this range with volume, it is expected to rise to 3200-3300; if it is under pressure and falls back, it will maintain a fluctuation pattern between 2885-3020.

2. Technical Indicator Signals
The RSI indicator fluctuates in the 40-60 range, not entering the overbought/oversold areas, and the technical characteristics of consolidation are evident.
The MACD indicator's DIF and DEA are in the early stage of a death cross, with green bars slightly increasing in volume, indicating that short-term upward momentum is weakening, and we need to wait for volume to accumulate again.

The Federal Reserve's expected interest rate cut in December provides a risk appetite support for ETH, but ETH has a strong correlation with BTC, and its trend is likely to change along with BTC's rhythm; moreover, the large-scale bearish trend has not fundamentally reversed, and this rebound is a short-term corrective market, so it is necessary to be wary of the risk of a correlated decline caused by BTC's pullback.

Operation Suggestions
Within the range: 2885-3020, you can lightly sell high and buy low, and set stop losses strictly.
Break through 3020: After a pullback, take a light position to go long, targeting 3100-3200;
Break below 2885: stop loss and exit or lightly position short orders, looking down to 2700-2620.

Analysis is the foundation of strategy; practical combat requires real-time response! If you often fall into the trap of "buying low and selling high," it essentially stems from a lack of precise point reminders. You never lack analysis; what you lack is a professional guide who can provide real-time opportunity reminders and risk warnings! Opportunities are only given to those who are prepared; keeping up with the rhythm ensures you don't miss out.
#BTC #ETH
ETH2.87%
BTC1.57%
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