ETH Daily Chart Analysis — Weak Correction Seeking Support

Resistance Levels
• First Resistance: $3,080-3,100 (MA10 + recent rebound high, short-term selling pressure zone)
• Strong Resistance: $3,135-3,150 (MA20 + previous consolidation platform, medium-term key resistance)
Support Levels
• First Support: $2,900-2,930 (recent consolidation low, short-term bullish defense line)
• Strong Support: $2,620-2,650 (previous correction low, critical defensive position)
Technical Indicator Interpretation
1. Moving Averages: Short- and medium-term moving averages (MA5/MA10/MA20/MA30) are in a bearish alignment. MA5 continues to cross below other moving averages, indicating the medium-term bearish trend remains unchanged; short-term moving averages show signs of flattening, with price trapped between short- and medium-term moving averages, awaiting direction.
2. MACD: The two lines form a death cross below the zero axis, with the red histogram turning green and continuing to expand, indicating bearish momentum is regaining dominance, while bullish rebound momentum is insufficient.
3. RSI: Current reading is 39.55, in a neutral to slightly bearish zone. The indicator is oscillating at low levels, market sentiment is cautious. Although there is a need for a rebound from oversold conditions, volume support is lacking.
4. Volume: During the correction, volume remains low. No significant volume increase on rebound candles, and volume is consistently below MA5/MA10 average lines, indicating the market is dominated by internal capital battles, lacking new capital influx.
5. Bollinger Bands: The bands are widening, with the upper band trending downward and the lower band flattening. Price is near the lower band, confirming a weak trend. The validity of the lower band support needs further verification.
Summary
ETH is in a weak correction phase on the daily chart, with bearish moving average alignment and insufficient volume restricting upward movement. The current price approaches previous consolidation lows, making the stability of support levels critical for future direction. The market is at a critical point of supply and demand battle. Until clear volume-driven stabilization signals appear, the weak consolidation pattern is unlikely to change. #特朗普取消对欧关税威胁