ETH Daily Chart Analysis — Weak Correction Seeking Support

Resistance Levels
• First Resistance: 3,080-3,100 USD (MA10 + recent rebound high, short-term selling pressure zone)
• Strong Resistance: 3,135-3,150 USD (MA20 + previous consolidation platform, medium-term key resistance)
Support Levels
• First Support: 2,900-2,930 USD (recent consolidation low, short-term bullish defense line)
• Strong Support: 2,620-2,650 USD (previous correction low, critical defense level)
Technical Indicator Interpretation
1. Moving Averages: Short- and medium-term moving averages (MA5/MA10/MA20/MA30) are in a bearish arrangement, with MA5 continuously crossing below other averages, indicating the medium-term weak trend remains unchanged; short-term moving averages show signs of flattening, with price stuck between short- and medium-term 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, with oscillating low levels, market sentiment is cautious, despite oversold correction needs, lacking volume support.
4. Volume: During the correction, volume remains low, no significant increase in bullish candles during rebounds, volume 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 expanding, with the upper band turning 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 daily chart is in a phase of weak correction seeking support, with bearish moving averages and insufficient volume constraining upward movement. The current price approaches previous consolidation lows, and whether support holds will be key to future direction. The market is at a critical point of supply and demand battle; until clear volume-based stabilization signals appear, the weak consolidation pattern is unlikely to change.#特朗普取消对欧关税威胁