ETH Today Analysis


1. Price and Structure
Range: 2060–2150, opened low and moved higher today, touched 2149 before pulling back
Daily chart: Moving averages in a bearish alignment, price below 50/100-day moving averages, mid-term downtrend not reversed
4-hour chart: Bottomed at 2080 then technically rebounded, MACD golden cross, volume moderate, weak rebound rather than reversal
2. Key Support/Resistance
Resistance
2150–2160: Intraday strong resistance, rebound ceiling
2200–2230: Daily resistance zone, only a break above can turn it stronger
Support
2090–2100: Short-term core support
2050: Strong support, likely to test lower if broken
2000: Important psychological and structural level
3. Technical Highlights
RSI: 45–50, neutral leaning weak, no obvious overbought or oversold signals
MACD: below zero on daily, green bars converging; 4-hour chart shows golden cross, red bars expanding, limited rebound momentum
Volume: 308 million over 24 hours, insufficient rebound volume, funds are cautious
4. Fundamentals (Bearish bias)
Macro: Fed high interest rate expectations, tech stocks correction, ETH correlation with NASDAQ rising to 0.78, under pressure
On-chain: Post-upgrade fee reduction, inflation rising again, burn mechanism weakening
Institutions: Core developers leaving, Wall Street reducing holdings, ETF capital inflow slowing
Compared to BTC: Since May, ETH has been 2–3 percentage points weaker than BTC weekly, funds favor BTC
5. Short-term Conclusion and Strategy
Conclusion: Major trend is bearish, short-term oscillation at low levels with weak rebounds; rebounds below 2150 unlikely to last, breaking 2050 increases downside risk
ETH-0.81%
BTC-0.14%
NAS100-2.01%
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