ETH/USDT 4-Hour K-Line Analysis: Oversold Weak Rebound, Mid-Term Downtrend Unchanged

Key Support and Resistance Levels

• Resistance Levels

1. First Resistance: 3,000 round figure, resonating with MA10 (2,985.25) and MA5 (2,979.54), forming a key hurdle for bullish rebound.

2. Second Resistance: 3,042.49 (MA20), an important mid-term moving average dividing bullish and bearish forces.

3. Third Resistance: 3,123.77 (MA30), breaking above which can ease mid-term downward pressure.

• Support Levels

1. First Support: 2,900 round figure, serving as the current short-term psychological support during rebound.

2. Second Support: 2,866.50 (recent low), the extreme low of this decline; breaking below opens a new downward space.

Technical Indicator Analysis

• Moving Average System: Short-term MA5 and MA10 are intertwined and tight; price remains below all moving averages; mid-term moving averages are in a bearish arrangement, indicating the mid-term downtrend remains.

• MACD Indicator: MACD value (-0.05) approaching zero line; DIF and DEA lines are intertwined at low levels; green bars are narrowing, indicating weakening downward momentum but a weak rebound strength.

• RSI Indicator: Value at 35.2, in a neutral to slightly bearish zone, not yet entering overbought territory, reflecting that bullish momentum still needs further accumulation.

• Volume: During the rebound, volume gradually increased but did not show explosive growth, indicating insufficient capital inflow and strong wait-and-see sentiment among both bulls and bears.

Summary and Trading Suggestions

Currently, ETH/USDT is in a pattern of “oversold weak rebound, mid-term downtrend unchanged.” If the price breaks above 3,000 with volume and stabilizes, it can be considered bullish, targeting 3,042.49; if it retests and breaks below 2,900, caution is needed for a second bottom, with key support at 2,866.50. #Gate每10分钟送1克黄金