Coin Circle Academician: 7.5 Ethereum (ETH) Current Rebound - A Trap or a Reversal? Latest Market Analysis Reference

Ethereum current price 1780, to be honest, watching ETH stuck around 1780 oscillating back and forth, I fully understand everyone's煎熬. Those who missed out fear a direct surge and dare not wait; those trapped in positions hope for a rebound to break even, getting more anxious the longer they hold; those shorting fear a sudden price spike triggering stop-loss, feeling uncomfortable no matter what. I have repeatedly emphasized countless times that this stage is only a rebound repair, not a bull market reversal. Never let short-term bullish candles cloud your judgment.

The daily K-line is precisely near the 23.6% Fibonacci resistance level of the previous decline wave. The EMA15/30 moving averages have formed a golden cross upward, indicating a short-term bullish trend, but the EMA60/90 are still in a downward state, meaning the mid-term bearish trend has not fully reversed. The MACD indicator shows green bars turning red, with DIFF turning upward crossing DEA, and bullish momentum is gradually being released. The middle Bollinger Band is near 1833, with the price currently trading below it, the upper band resistance at 1833, and the lower band support at 1518. Overall, the daily K is in a rebound repair phase after the decline, has not yet broken through key resistance levels, and the sustainability of the rebound still needs verification. Beware of the risk of a pullback from highs.

The four-hour fast line is running above the five-day moving average in a bullish alignment, clearly indicating a short-term upward trend. The MACD red bars continue to shorten, with DIFF and DEA showing signs of a death cross at high levels, indicating some weakening of bullish momentum. The middle Bollinger Band is near 1748, with the price running along the upper band, the upper band resistance at 1808, and the lower band support at 1688. The previous rebound high near 1786 forms short-term resistance, with the price testing it multiple times but failing to break through effectively, and trading volume has not expanded synchronously, suggesting insufficient upward momentum. The 4-hour level shows signs of stagnation at highs, and it is likely to enter a range-bound or pullback phase in the short term. Pay attention to the有效性 of moving average support.

Short-term reference:

Below 1750 to 1700, if not broken, go north, stop loss at 1660, target at 1820 to 1870.

Above 1850 to 1880, if not broken, go south, stop loss at 1910, target at 1800 to 1750.

Specific operations should be based on real-time market data. For more information, you can consult the author. The article is published with a delay and the suggestions are for reference only. Risks are borne by oneself.