1. Main positions are decreasing, suspected reduction in holdings; 24H +3.61% is a short-term volatile rise, lacking sustained capital support, increasing the risk of a pullback.
2. 1-hour MACD (9,26) bullish momentum bars are gradually narrowing, about to form a death cross, with a clear signal of short-term trend shifting from strong to weak.
3. RSI(14) is at 63, a neutral-to-bullish range, close to the overbought threshold, showing signs of turning downward, with bullish momentum weakening.
4. Price is diverging from main capital flow (price rise accompanied by reduced positions), volume has not increased synchronously, the upward trend is unsustainable, and profit-taking is likely to be triggered.
Support:
1. $3100.00 (MA20 moving average support)
2. $3050.00 (Fibonacci 0.618 support)
Resistance:
1. $3220.00 (24H high)
2. $3280.00 (recent range resistance)
Suggested take profit: $3100.00, stop loss: $3220.00
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$ETH Current price: $3166.13
Direction: Bearish
Reasons:
1. Main positions are decreasing, suspected reduction in holdings; 24H +3.61% is a short-term volatile rise, lacking sustained capital support, increasing the risk of a pullback.
2. 1-hour MACD (9,26) bullish momentum bars are gradually narrowing, about to form a death cross, with a clear signal of short-term trend shifting from strong to weak.
3. RSI(14) is at 63, a neutral-to-bullish range, close to the overbought threshold, showing signs of turning downward, with bullish momentum weakening.
4. Price is diverging from main capital flow (price rise accompanied by reduced positions), volume has not increased synchronously, the upward trend is unsustainable, and profit-taking is likely to be triggered.
Support:
1. $3100.00 (MA20 moving average support)
2. $3050.00 (Fibonacci 0.618 support)
Resistance:
1. $3220.00 (24H high)
2. $3280.00 (recent range resistance)
Suggested take profit: $3100.00, stop loss: $3220.00