Recently observing ETH's trend, it is generally oscillating within a range. The price is stuck between 2947 and 2973, repeatedly pulling back and forth, currently hovering around 2952. Trading volume is not particularly notable, neither significantly expanding nor shrinking, with buyers and sellers evenly matched.
From a technical indicator perspective, MACD shows a slightly bearish bias. DIF has fallen to -3.34, DEA is at -2.38, and MACD itself is at -1.94, all below the zero line and spreading downward. This indicates that short-term bears have a slight advantage, but not to an overly aggressive extent.
To briefly summarize the current situation: the price is trapped in a consolidation zone, with low probability of a short-term breakout; technical indicators show a slight advantage for the bears; however, the balanced volume suggests that neither side has a decisive dominance.
How to operate? It depends on your risk preference. For a conservative approach, wait until the price clearly breaks above 2973 or below 2947, and only act once volume confirms the move. A breakout above 2973 with effective volume expansion can be traded with a small long position, with a stop loss below 2960. A breakdown below 2947 with volume release can be approached with a small short position, with a stop loss above 2955.
For a more aggressive approach, trade within this range back and forth. Resistance around 2970 is quite evident, so consider a small short position; support around 2950 is relatively stable, so a small long position can be tried. The key is to strictly follow stop-loss and take-profit rules—stop-loss around 3 points, and flexible take-profit targets between 5 to 10 points, adjusting according to the market conditions.
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AirdropJunkie
· 10h ago
Still fluctuating again. This wave of ETH really has me frustrated; it keeps pulling back and forth without giving a clear direction.
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MidsommarWallet
· 10h ago
Another frustrating oscillation, I'm already tired of it.
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ForkPrince
· 10h ago
Still fluctuating, I knew it would be like this, so boring it’s killing me.
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MetaNeighbor
· 10h ago
Stuck at this damn position again, should have broken through long ago.
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BTCBeliefStation
· 10h ago
It's that annoying fluctuation again, pulling back and forth between 2950 and 2970 every day. So frustrating.
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FloorPriceWatcher
· 10h ago
Another one of these middle-of-the-road market situations, so annoying, brother.
Recently observing ETH's trend, it is generally oscillating within a range. The price is stuck between 2947 and 2973, repeatedly pulling back and forth, currently hovering around 2952. Trading volume is not particularly notable, neither significantly expanding nor shrinking, with buyers and sellers evenly matched.
From a technical indicator perspective, MACD shows a slightly bearish bias. DIF has fallen to -3.34, DEA is at -2.38, and MACD itself is at -1.94, all below the zero line and spreading downward. This indicates that short-term bears have a slight advantage, but not to an overly aggressive extent.
To briefly summarize the current situation: the price is trapped in a consolidation zone, with low probability of a short-term breakout; technical indicators show a slight advantage for the bears; however, the balanced volume suggests that neither side has a decisive dominance.
How to operate? It depends on your risk preference. For a conservative approach, wait until the price clearly breaks above 2973 or below 2947, and only act once volume confirms the move. A breakout above 2973 with effective volume expansion can be traded with a small long position, with a stop loss below 2960. A breakdown below 2947 with volume release can be approached with a small short position, with a stop loss above 2955.
For a more aggressive approach, trade within this range back and forth. Resistance around 2970 is quite evident, so consider a small short position; support around 2950 is relatively stable, so a small long position can be tried. The key is to strictly follow stop-loss and take-profit rules—stop-loss around 3 points, and flexible take-profit targets between 5 to 10 points, adjusting according to the market conditions.