Ethereum$ETH Trading Strategy for Today

Current Key Technical Levels Analysis

Market analysis generally considers the following price ranges as key reference points for today's trading.

• Major Support Zones

· $3,050 - $3,020: Seen by multiple analysts as the most important support zone for the day. If broken, it may accelerate testing the $3,000 psychological level.
· $3,000: Critical psychological support. If effectively broken, the next support looks towards the $2,940-$2,800 area.

• Major Resistance Zones

· $3,175 - $3,200: The immediate resistance faced during the current rebound. Breaking through this zone is necessary to reverse the short-term downtrend.
· $3,400: Mid-term key strong resistance. Only by breaking this level can a larger upward space be opened.

Market Bullish and Bearish Sentiment Summary

Bullish outlook:

1. Technical rebound potential: Some analysts apply Elliott Wave Theory, believing ETH may be in the early stages of preparing for an upward move in the "Wave 3."
2. Whale buy signals: Market participants (such as Liquid Capital founder Yi Lihua) have publicly stated that they observe continuous buying by whale addresses, considering the current range a good entry point for spot buying.
3. Short-term indicators improve: Hourly MACD and other indicators show weakening downward momentum, providing conditions for a technical rebound.

Bearish or cautious outlook:

1. Weak price structure: ETH is currently trading below the key 100-hour moving average and is suppressed below the downtrend line, indicating a short-term bearish structure.
2. Risk of bearish pattern: A "Evening Star" pattern has formed on the daily chart, which is a potential reversal signal to watch out for.
3. Low trading volume: Recent consolidation has been accompanied by declining volume, indicating insufficient buying strength and increasing the risk of a downward breakout.#加密市场反弹