#每日热点话题 ETH experienced a rise yesterday, reaching a high of 3397.


The highest repair demand at the monthly level is around 3650.
The weekly chart remains bearish; the repair of the MA10 has been satisfied, and MA10 and MA30 are crossing to a death cross. The resistance price is at 3500. All indicators are moving from overbought to neutral zones.

At the daily level, the repair demand after the rise is at 3215. Currently, the price is at the upper band of the Bollinger Bands, coinciding with the upper band. All indicators are in the overbought zone.

The 4-hour Bollinger Band has returned from the overbought zone to the normal zone. RSI is still in an overbought state. In the short term, the trend is bullish.

The 1-hour trend is bullish, with KDJ and RSI both overbought, but MACD has crossed to a death cross, volume is decreasing, indicating an initial divergence from the price and a potential top.

The 30-minute and 15-minute price movements are consolidating, with prices above the MA30. The consolidation range is shrinking, between 3335 and 3305.

The Fibonacci retracement levels of this rally are 382 at 3280, 50% at 3245, and 618 at 3210.

The nearest support for the candlestick is at 3238.

Considering the news impact early tomorrow morning, there will likely be limited volatility during the day. Personal opinion: there is room for decline, followed by a rebound later tonight. After the rally, Powell's speech is likely to be hawkish.
Expect a consolidation during the day.

The 1-hour Bollinger upper band is closing in, with the price compressed, currently at 3430. No divergence has resulted in a high point.

Summary of today's trading plan:
Short based on the retracement demand
Entry at 3340-3345, target 3220, stop-loss 3380.
After shorting, depending on the situation, consider buying at a low level between 3180-3240, with a target of 3420.
The article is published with a delay; market conditions change rapidly. The above suggestions are for reference only. Trade at your own risk!
ETH0,16%
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