Cryptocurrency Expert: Under the severe exchange of 9.5 Ethereum (ETH) chips, does the Ethereum volatility range hold great potential for trend reversal? Latest market analysis reference

The current price of Ethereum is 2490, and this phase tests the mentality the most. After a significant rebound, many people are easily tempted to increase their positions. While a trend is indeed good news, high-level fluctuations can confuse people with both rises and falls. Don’t go crazy chasing after a big bullish candle, nor should you directly predict a crash after a bearish candle. The market will not move as we expect it to; write down your plans in advance and execute them at the specified price levels, and wait if it doesn’t reach them. Principal is always the top priority; make profits from market movements you understand, and if you don’t understand, patiently watch. Forceful trading will only increase unnecessary losses.

The daily K-line has started a significant rebound from a low of 1503, regaining ground above the entire EMA moving average system, with the medium- to long-term moving averages turning upwards, forming a bullish arrangement structure that provides underlying support for the coin price. The Bollinger Bands are opening upwards, and the price is operating near the upper band region. The MACD indicator has turned lower at a high level, with the red bars gradually shrinking, indicating a decrease in upward momentum, but no clear top divergence has formed. Key daily support lies in the 2260-2300 range, which is the important support level for the 30-day EMA; the upper pressure is at 2530-2570, the previous high point. The major trend at the daily K-line level has shifted from a decline to a rebound, but after continuous rising, it has accumulated a significant amount of profit-taking, making it unlikely to directly experience a unilateral and continuous surge. The main theme will likely be high-level fluctuations digesting the chips.

The four-hour K-line is oscillating and consolidating above the cluster of moving averages. The short-term EMA moving averages are still maintaining a bullish arrangement, with the price stabilizing after a pullback at the moving average support zone around 2420. The Bollinger Bands are narrowing, and the market has shifted from unilateral rising to a range fluctuation mode. The 4-hour MACD DIF has retreated from a high position, with the red bars shortening, indicating a slowdown in bullish momentum, but no effective bearish cross signal has formed yet. Strong support lies at 2430, followed by 2380; upper pressure is at 2510-2566, the previous high. The four-hour level reflects a continuation pattern after the rise; the bullish structure remains intact as long as it hasn't effectively broken through the core moving averages. However, short-term repeated wash trading will frequently occur, so do not blindly chase the rise; it is wiser to wait for a pullback support before considering participation.

Short-term reference:

If the lower range of 2430 to 2400 does not break downward, stop loss at 40 points, target 2550 to 2630.

If the upper range of 2560 to 2566 sees stagnation and trends downward, stop loss at 40 points, target 2460 to 2360.

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