Ethereum one-hour technical analysis:

1. Price Trend
The price previously surged to 3045.47 and faced resistance, then pulled back. It has now broken below short-term support levels, indicating a retracement phase.
The latest price at 3002.69 has fallen back into the previous consolidation zone’s lower boundary, showing some short-term support. However, if it breaks below, further decline may occur.
2. Indicator Signals
Blue moving average line (similar to Bollinger upper band / MA20): The price has fallen from above this MA line to below it, indicating weakening short-term bullish momentum and a market turning weaker.
White moving average line (short-term MA, such as MA5/MA10): The price has broken below this MA, which is starting to flatten and turn downward, signaling short-term weakness.
Pink indicator line: After rising with the price previously, it is now flattening out, showing diminishing bullish strength with no clear reversal signal.
Blue small circle: This typically indicates trend signals; during the previous upward movement, circles appeared, but during the current retracement, the number of circles has decreased, confirming trend weakening.
3. Key Support and Resistance
Support level: The current price near the 3000 integer mark is an important psychological support. If broken, the next support is around the previous low of 2980.
Resistance level: Short-term resistance is in the 3020–3030 range (previous consolidation platform), with strong resistance at the previous high of 3045.47.
4. Future Trend Projection
Bearish Scenario: If the price cannot stabilize above 3000 support and breaks below, it may test support at 2980 or further decline.
Bullish Scenario: If it can hold above 3000 and re-establish above 3020, there is a chance to retest the previous high at 3045.
Key Price Levels and Strategy Recommendations
Price Range
Nature
Strategy Advice
3045.47
Strong Resistance
If the price rebounds to this level and faces resistance, consider reducing positions or shorting; if volume breaks through, look for bullish opportunities.
3020–3030
Short-term Resistance
When rebounding to this range, if signs of resistance appear (such as long upper shadows or volume stagnation), consider taking profits or reducing positions.
3000–3005
Core Support
If the price stabilizes and rebounds within this range (e.g., bullish engulfing, decreasing volume doji), consider buying the dip or adding positions; if it breaks below, stop-loss is recommended.
2980
Strong Support
If the price falls back to this level, observe for stabilization signals; if present, consider scaling into low positions.
One-hour Bitcoin Market Analysis:
1. Trend Judgment
The price previously experienced an upward rally starting near 87200, reaching a high around 90600 before facing resistance and pulling back.
The latest price at 89013.0 has broken below short-term moving averages, currently in a retracement phase.
Overall, this is a technical correction after an upward trend, but if support levels are lost, further weakness may follow.
2. Indicator Signals
Blue moving average (mid-to-long-term trend line): The price has fallen from above this line to below it, indicating weakening short-term bullish momentum and cautious market sentiment.
White moving average (short-term MA): The price has broken below this MA, which is turning downward, a clear sign of short-term weakness.
Pink indicator line: After rising with the price previously, it is now flattening, showing diminishing bullish strength with no clear reversal signal.
Blue small circle: During the upward phase, many circles appeared; during the correction, the number of circles decreased significantly, confirming trend weakening.
3. Key Support and Resistance
Support levels:
88800–89000: The lower boundary of the previous consolidation zone and the current core support area. If broken, strong support is around 88000.
Resistance levels:
89500–90000: The previous dense trading zone and main resistance area for short-term rebounds.
90600: The previous high, an important resistance for bulls.
4. Future Projection
Bearish Scenario: If the price cannot stabilize above 88800 and breaks below, it may test support at 88000.
Bullish Scenario: If it can stabilize around 89000 and re-ascend above 90000, it may challenge the previous high at 90600.
Key Price and Strategy Table
Price Range
Nature
Strategy Advice
90600
Strong Resistance
If the price rebounds to this level and faces resistance, consider reducing positions or shorting; volume breakout and stabilization suggest bullish opportunities.
89500–90000
Short-term Resistance
When rebounding to this range, if resistance signs appear (long upper shadows, volume stagnation), consider taking profits or reducing positions.
88800–89000
Core Support
If the price stabilizes and rebounds within this range (bullish engulfing, decreasing volume doji), consider buying the dip or adding positions; if it breaks below, stop-loss is advised.
88000
Strong Support
If the price falls back to this level, observe for stabilization signals; if present, consider scaling into low positions.