ETH Market Analysis

I. Technical Analysis
1. Bollinger Bands (4-hour): The three lines are narrowing, with the middle band trending downward. The current price is below the middle band. Upper band 3314, middle band 3093, lower band 2872. Overall maintaining a oscillating upward pattern.
2. MA Moving Averages (4-hour): Short-term moving averages show a golden cross upward trend. MA5 and MA10 correspond to prices 2999 and 2990. The current price is above the short-term moving averages.
3. MACD Indicator (4-hour): The two lines are below the zero axis with a golden cross upward trend, indicating increasing bullish momentum.
4. RSI Indicator (4-hour): The two lines are in a golden cross upward phase, in the overbought zone, not effectively breaking below 2950, suggesting the market will continue to rise.
II. Market Conclusion
Resistance: 3080-3150-3200 Support: 2950-2860-2800 Short-term long, short-term short.
III. Trading Strategy
Low buy strategy: go long around 2950, stop loss at 2900, take profit 1: 3080
High sell strategy: go short around 3150, stop loss at 3220, take profit 1: 3050

Due to the time lag in article review and push, the points mentioned are for reference only. Please make your own judgment based on actual conditions when buying or selling. Be sure to implement risk control before entering trades. Investment involves risks; please trade cautiously! Maintain a correct view of the crypto market. Thank you for your reading and understanding!
$ETH $ETH #