ETH/USDT 1-Hour K-Line Analysis: Rebound Momentum Strengthens, Short-term Bulls Dominate



Key Support and Resistance Levels

• Resistance Levels

1. First Resistance: 2,966.87 (Previous High), a critical short-term resistance level for the rebound. Breaking through could lead to a test of the 3,000 psychological barrier.

2. Second Resistance: 3,000 round number, an important psychological resistance. A breakout would open further upside space.

3. Third Resistance: 3,011.49 (Recent High), confirmation of a medium-term rebound trend requires a breakout.

• Support Levels

1. First Support: 2,936.48 (MA5), the current short-term support for the rebound. Losing this level may trigger profit-taking and exit.

2. Second Support: 2,900 round number, an important psychological support. Falling below warrants caution for a pullback.

3. Third Support: 2,784.18 (Recent Low), the extreme low of this decline. Breaking below could open a new downward space.

Technical Indicator Analysis

• Moving Averages: Short-term MA5 and MA10 crossing above MA20 and MA30 form a golden cross. Price remains above all moving averages, indicating short-term bullish strength and gradually establishing a medium-term rebound trend.

• MACD Indicator: MACD value (3.50) is in positive territory. DIF line crosses above DEA line to form a golden cross, with the red histogram continuously expanding, indicating increasing rebound momentum.

• RSI Indicator: Value at 61.24, in the relatively strong zone, approaching overbought levels. Reflects that bullish momentum has accumulated some energy but warrants caution for a pullback.

• Volume: During the rebound, volume has gradually increased, showing sustained capital inflow and healthy price-volume cooperation.

Summary and Trading Suggestions

Currently, ETH/USDT is in a pattern of “strengthening rebound momentum and short-term bullish dominance.” If the price breaks above 2,966.87 (previous high) with volume and stabilizes, it can be considered bullish, targeting the 3,000 level. If it pulls back and falls below 2,936.48 (MA5), caution is advised for a potential correction, with key support at 2,900.
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