10.12 ETH Intraday Market
Ethereum’s 3-day timeframe has already formed a death cross. The 2-day timeframe MACD indicates high-level shorting, while the daily timeframe is rebounding (a hidden divergence has formed on the daily/12-hour timeframes). The 4-hour to 8-hour timeframes are developing a bottoming pattern. Intraday, watch for a below-zero rebound on the 4-hour timeframe.
Support below: 2513 2485 2450
Resistance above: 2572 2611 2632$ETH

BTC’s daily chart is in a bearish suppression phase on the larger timeframe, with the price under pressure below the Bollinger middle band. The MACD has formed a death cross, and the green histogram bars are continuing, indicating that downward momentum is still being released, making a direct sharp reversal unlikely. KDJ is hovering at low levels, so downside room is limited, but upward momentum is insufficient. On the 4-hour chart, the earlier rebound met resistance at the 84,340 high before coming under pressure and falling back. Rebound momentum has waned, and KDJ has formed a death cross at high levels and is moving downward. Bears have the upper hand in the short term; although the market is briefly oversold, it will likely continue dipping to test support.
🉑Short around 83,300 on the rebound, add at 83,800, targeting 82,000 and 80,000
ETH🉑short around 2,550, add at 2,580, targeting 2,490 and 2,410