January 28, ETH 1-Hour Market Overview and Trading Strategies

Currently, ETH is priced at $3,018.10, in a rebound phase with bullish momentum dominating.
- Moving Averages: The price has broken above the 5-day, 10-day, and 20-day moving averages, with the short-term (5-day) moving average crossing above the medium- and long-term averages, forming a bullish alignment, indicating a short-term upward trend.
- Support and Resistance: Support levels are at 2,990 (10-day moving average) and 2,954 (20-day moving average); resistance levels are at 3,033 (24-hour high) and 3,075 (previous key resistance).
- Volume Performance: Recent trading volume has increased alongside the price rise, showing strong willingness of funds to enter, but attention should be paid to whether volume can sustain.
Simplified Long and Short Trading Strategies
Bullish Strategies:
- Pullback Long Entry: Enter in the 2,990–3,000 range, with a stop loss at 2,970 (below the 10-day moving average), and take profit targets at 3,030/3,070.
- Breakout Long Entry: Enter in the 3,035–3,045 range, with a stop loss at 3,010 (on a pullback to key support), and take profit targets at 3,070/3,100.
Bearish Strategies:
- Resistance Level Short: Enter in the 3,030–3,040 range, with a stop loss at 3,055 (above the 24-hour high), and take profit targets at 3,000/2,960.
- Previous High Resistance Short: Enter in the 3,070–3,080 range, with a stop loss at 3,095 (above previous resistance), and take profit targets at 3,030/3,000.
Risk Reminder:
Strictly control position sizes (single position ≤ 5%), set proper stop losses to avoid holding through adverse moves. Also, monitor BTC trends and macro news impacts. If the price falls below 2,954 (20-day moving average), the short-term bullish trend may reverse. #内容挖矿焕新公测开启 #加密市场观察 #ETH $ETH