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$ETH Crypto academician: Is Ethereum (ETH) trading sideways at 7.25 not without trend, but rather silence before the storm? Latest market outlook for reference
Ethereum’s current price is 1863—has this stretch of action ground everyone down to near zero patience? The price is chopping around near 1860: luring longs, then luring shorts. Many friends chase the rally and then sell at a loss, getting slapped in the face over and over; their mindset directly blows up. The pace of the current choppy market is inherently exhausting. Today, we’ll break down support and resistance, long/short signals, and entry points with stop-losses all at once—helping you avoid ineffective trades, seize the opportunities with real certainty, and not become “grass” led around by the market!
On the daily K-line, price is in the sideways phase at the late stage of a clear downtrend. Price is still trading below the EMA15/30/60/90 moving averages, and the overall bearish trend hasn’t been broken. The MACD histogram’s red bars keep shrinking, and bullish momentum is starting to fade. The Bollinger middle band around 1837 forms short-term support, while the upper band at 1957 is the key resistance level. The Fibonacci 78.6% retracement at 2242 remains a strong resistance. Below, the prior low at 1503 is the bulls’ defense bottom line. At the moment, it’s weak corrective repair after the drop, with limited rebound strength, and no clear reversal signal yet
On the four-hour K-line, price is near the channel’s midline. Price is supported by the EMA15/30 moving averages, and the Bollinger Bands are tightening, with the trading range narrowing to 1856-1957. The long/short standoff is intensifying. The MACD indicator’s DIF has crossed below the DEA, and the green histogram is starting to expand—short-term pullback signals have appeared. The Fibonacci 38.2% level around 1870 forms short-term pressure, while the 23.6% level at 1730 is strong support. Current rebound momentum is insufficient, and there’s a need for a pullback test to confirm support at the moving averages
Short-term reference:
If 1850 to 1800 holds and doesn’t break upward, set a stop-loss at 1760; targets are 1930 to 1970
If 1980 to 2020 holds and doesn’t break downward, set a stop-loss at 2050; targets are 1930 to 1890
Specific execution should be based mainly on real-time order book data. For more information, you can check the article writer. Since the article may be published with a delay, this is for reference only—risk is your own #Gate事件合约首发狂欢