#以太坊行情技术解读 Ethereum Morning Technical Observation

$ETH is currently in a converging triangle pattern, with key support already broken. At present, the market shows alternating overbought and oversold conditions. The short-term risk is that it follows Bitcoin but has weaker independence—if Bitcoin fails to break above resistance and pulls back, Ethereum is likely to decline simultaneously. The selling pressure during rebounds is also quite heavy, making it difficult to sustain an upward trend.

On the four-hour chart, the MA5 and MA10 have formed a death cross. After the price fell below the critical support of $2960, although the RSI has moved out of extreme oversold territory and technical correction is needed, the rebound space is clearly limited. The lower Bollinger Band at $2830 is a recent bottom support, while the middle band at $3020 acts as a strong resistance zone. Overall, the market remains in a consolidation phase, and a further test of lower lows is likely.

Early morning short-term strategy:
— Consider short positions if the rebound reaches the 3000-2990 range, with targets at 2870-2800 below
— Consider long positions if the price adjusts to 2880-2900, with initial targets at 3000-3050