$ETH Evening Analysis of the Second Candle


✅Short-term Entry: Not recommended to chase short positions, wait for a rebound in the 2335-2350 range to encounter resistance and stabilize (appearance of a bearish shadow line) before lightly trying short positions, stop loss at 2385; if it directly breaks below 2280 and stabilizes, you can follow the trend to lightly short, stop loss at 2310.
✅Bullish Strategy: Only consider a light long position when a clear sign of stabilization appears near 2280-2290 (an increasing volume bullish candle), with a stop loss at 2250, target 2330-2350. Ordinary traders should mainly focus on high short positions for now.
Technical Logic
1. 4-Hour Level
• Moving Averages and Bollinger Bands: Price is trading below the middle band of BOLL (2334.22), which has formed short-term resistance. The lower band (2254.94) provides strong support; although the overall upward channel has not been completely broken, the convergence of the upper band (2413.49) and the middle band indicates that upward momentum is significantly weakening, entering a short-term high-level correction phase.
• Indicator Status: MACD (-11.13) shows continuous red bars, with the DIF line below the DEA line, indicating ongoing bearish momentum; RSI (41.21) has fallen into a neutral-weak zone, with no clear reversal signals, and the oscillation remains bearish.
2. 1-Hour Level
• Oscillation Range: Bollinger Bands are narrowing, with the middle band (2343.16) acting as short-term resistance, and the lower band (2310.98) as immediate support. The current price is around 2320, oscillating in the lower half of the range.
• Indicator Signals: MACD (-6.89) shows narrowing red bars, with the DIF line turning upward and approaching the DEA line, indicating weakening short-term bearish momentum; RSI (43.29) has risen into a neutral-weak zone, showing a need for a rebound, but resistance above is obvious.
3. 15-Minute Level
• Key Support/Resistance: Short-term resistance is in the 2335-2350 range, with strong resistance at the intraday high of 2384.67; short-term support is at 2300-2310, with strong support concentrated at the 2280-2290 zone (intraday low + Bollinger lower band support).
• Volume Characteristics: During the decline, volume increased; during the rebound, volume decreased, indicating heavy selling pressure above and that the rebound is a technical correction after overselling, not a trend reversal signal.
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ETH-0.49%
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