From a daily timeframe perspective, the overall trend shows a rebound facing resistance. The price is trading above the midline and approaching the upper band at 3253. The upper band constitutes short-term strong resistance. The MACD indicator's DIF crossed above DEA forming a golden cross, with red columns continuously expanding. Bullish momentum is still releasing. KDJ has entered the overbought zone, pullback risk is increasing. Avoid chasing highs.
Personal suggestion, for reference only (set strict stop-loss levels): ETH short near 3260, cover at 3330, target 3180, 3090$ETH
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1.7 Wednesday Daily Analysis for ETH
From a daily timeframe perspective, the overall trend shows a rebound facing resistance. The price is trading above the midline and approaching the upper band at 3253. The upper band constitutes short-term strong resistance. The MACD indicator's DIF crossed above DEA forming a golden cross, with red columns continuously expanding. Bullish momentum is still releasing. KDJ has entered the overbought zone, pullback risk is increasing. Avoid chasing highs.
Personal suggestion, for reference only (set strict stop-loss levels):
ETH short near 3260, cover at 3330, target 3180, 3090$ETH