$ETH is clearly being led by the bulls right now, but it has entered a technical correction range. Yesterday, it dropped back near the short-term moving average and was supported—that’s an important detail. During the pullback, trading volume shrank noticeably, indicating there wasn’t strong selling pressure. On the indicators side, although the KDJ is still in the high region, there’s no sign of a bearish crossover, and the RSI remains in a strong zone. Overall, the bullish trend is still intact.
In the short term, after some consolidation, it could make another upward push. Here’s a trading idea: you could consider shorting in the 3350 to 3400 range, targeting 3250 and 3200. Of course, the premise is that this correction hasn’t shifted direction; only if the indicators break down would it be a real issue.
Simply put, the strategy is to short on the pullback to profit from the rebound, and then keep following the bullish trend.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
6 Likes
Reward
6
4
Repost
Share
Comment
0/400
ProxyCollector
· 8h ago
The bulls indeed didn't break through this time. You can try shorting at 3350-3400 and bet on a rebound.
View OriginalReply0
MevSandwich
· 8h ago
Volume shrinking on pullback indicates no one is dumping; this round of bulls still have more to gain.
View OriginalReply0
SandwichHunter
· 9h ago
This analysis is quite interesting. The shrinking volume does indicate something. I'm curious to see if it can really return to 3250.
View OriginalReply0
GasFeeCrying
· 9h ago
It's the same old trick again. Every time they say the trading volume is shrinking and there's not much intention to dump, but what happens? It drops straight through 3200.
#ETH走势分析 What’s your take on this Ethereum move?
$ETH is clearly being led by the bulls right now, but it has entered a technical correction range. Yesterday, it dropped back near the short-term moving average and was supported—that’s an important detail. During the pullback, trading volume shrank noticeably, indicating there wasn’t strong selling pressure. On the indicators side, although the KDJ is still in the high region, there’s no sign of a bearish crossover, and the RSI remains in a strong zone. Overall, the bullish trend is still intact.
In the short term, after some consolidation, it could make another upward push. Here’s a trading idea: you could consider shorting in the 3350 to 3400 range, targeting 3250 and 3200. Of course, the premise is that this correction hasn’t shifted direction; only if the indicators break down would it be a real issue.
Simply put, the strategy is to short on the pullback to profit from the rebound, and then keep following the bullish trend.