$ETH Crypto Academy: September 15 Ethereum (ETH) trend: bullish momentum remains intact but is weakening; what is the projected direction ahead? Latest market analysis reference
Ethereum is currently priced at 2435. After surging to 2666 and then rapidly retreating, many are wondering: Has this upward market move come to an end? The current price is around 2501, where bulls and bears are battling. The broader bullish structure has not been completely broken, but short-term selling pressure has emerged. The key focus next is whether support can hold. Only a break below support would truly weaken the market; if support holds, there will still be an opportunity to retest the previous high
The daily K-line's short-term EMA15 is providing support around 2464, with the Bollinger Band upper limit at 2546 and lower limit at 2399. The price is fluctuating below the upper Bollinger Band. The MACD red bars have begun to contract, and DIF shows signs of turning downward and approaching DEA, indicating that bullish momentum is weakening. On the daily timeframe, the market is currently consolidating at high levels after a sharp rise. It has not directly turned bearish, but the momentum for further gains has clearly weakened, and the market has entered a range-bound digestion phase. The 2666 level above will become a strong short-term resistance level
The four-hour K-line has pulled back to the short-term moving averages, with EMA15 at 2504. The moving-average cluster is still broadly trending upward, and the medium-term bullish trend structure remains intact. The Bollinger Band middle line is at 2512 and the lower line at 2466, while the current price is fluctuating around the middle line. MACD's DIF has crossed below DEA, forming a death cross, and the green bars have expanded slightly, indicating that short-term bearish pressure is being released. This is a high-level pullback, a retracement correction after the rise, rather than a trend reversal. Key support below is in the 2485–2466 range; once this range breaks, the pullback will expand further
Short-term reference:
Go long if 2470 to 2480 holds, with a 40-point stop-loss and a target of 2550 to 2580
Go short if 2550 to 2560 holds as resistance, with a 40-point stop-loss and a target of 2490 to 2470
Specific operations should be based primarily on real-time order-book data. For more information, you can contact the author. Publication of this article may be delayed; it is for reference only, and you assume all risks.