#ETH走势分析 Ethereum evening market

In the evening session, Ethereum followed the trend of mainstream coins, showing a fluctuating digestion after a rebound. It rose from a low of 2855 to 3099 and then began to give back some of the gains, currently oscillating around the 3020 mark.

In terms of funds, there was a net outflow of 62.34 million USD today, and short-term funds are indeed a bit hesitant. But if you look at the open interest, it still remains at a high level of 5.765 billion, and the trading volume has expanded to 2.0508 million—what does this indicate? The market is not quiet; it just needs time to digest the chips after the rebound.

From the 1-hour candlestick chart, the middle band of the Bollinger Bands is currently a key position, and the price is relatively stable above the middle band. In terms of MACD, the DIF has crossed above the DEA, and the red bars are continuing, indicating a bullish technical formation, although the momentum is temporarily insufficient. However, it is important to note that there is a large sell order of 30.1622 million dollars placed by the main force on the market, and this selling pressure will suppress the rebound space in the short term.

Operation Idea:

If you are bullish, wait for the price to stabilize in the range of 3000-3005 after a pullback, and you can try going long with a small position, setting the stop loss below 2970. The first target is 3037, and if it can break through, aim for the previous high around 3050.

If you are bearish, wait for a rebound to 3035-3040 to encounter resistance, then lightly short with a stop loss above 3055. The first target is 3005, and if it breaks, continue to look around 2990.

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