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ETH analysis on July 4, 2025, afternoon
Direction: Volatile Downward
Resistance point above: 2580
Support level below: 2500
Current trend: The Bollinger Bands are opening, with the middle line trending downwards. MA5, 10, and 30 are sequentially arranged downwards. Currently, from the hourly chart, it has broken below the lower Bollinger Band and rebounded but has not broken through and stabilized above MA5. A second decline is observed to see if it can effectively break below MA60, targeting around 2500.
The MACD death cross shows a weakening trend in bearish volume. Watch whether this rebound can effectively stabilize above the MA5.
The RSI is currently in the oversold stage, with a golden cross upward from 9.6 to 3.2. From the perspective of the RSI indicator, this suggests an upward trend. However, considering various indicators and candlestick patterns, it indicates a consolidating downward trend.
The operating strategy can perform a high short operation near 2570, and a low long operation can be done with a small position below 2500.
(Note: The cryptocurrency market carries high risks, and the above analysis is for reference only. Actual operations should be based on individual risk tolerance.) #Gate上线xStocks交易 #Gate Alpha交易分享