$ETH is currently stuck in a correction phase on the 4-hour chart, with the market showing signs of bearishness. From the candlestick perspective, the price has consecutively broken below the MA5 and MA10, and the death cross of the short-term moving averages is quite evident. This represents a significant resistance level that is difficult to bypass.
A key point is that the area around MA30 has been repeatedly tested for support but has not stabilized. The price range of 3100-3110 appears to be a tough nut to crack, and with insufficient upward momentum, breaking through this level is challenging.
From a trading perspective, one could consider short positions in the 3120-3150 range, with a focus on 3050 as a target in the short term. The weakening of the moving averages and the sluggish price action are likely to continue constraining upward movement, and the technical setup remains favorable for a bearish bias.
Fundamental fluctuations will continue to depend on upcoming on-chain data and how market expectations evolve.
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GasFeeCryBaby
· 5h ago
Still talking about death crosses and moving averages, same old story really
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If 3100 can't be broken, then forget about going higher. The bears look pretty fierce in this wave
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Wait, this title says Solana but mentions ETH, did I get it mixed up haha
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MA30 has tested the bottom so many times but can't stay stable, going down is definitely unavoidable
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That 3050 target is a bit greedy, I think we should first see if 3080 can hold
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Short-term bearish is good, that's what I think too, just waiting for the right opportunity to act
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By the way, this technical setup looks pretty good, but then why do we still need to look at on-chain data? Seems a bit contradictory
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I’ve noted the shorting opportunity between 3120-3150, will try it later
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Every time, they say to wait and see how the fundamentals fluctuate, but what's the conclusion? Seems a bit vague
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All moving averages have a death cross now, we really need to run
View OriginalReply0
IfIWereOnChain
· 5h ago
It's another death cross market. This time, 3100 can't be broken through.
Short-term bearish outlook still holds, but don't be too greedy.
MA30 keeps hitting bottom, really annoying. Feels like this wave won't go down further.
Wait, how are the on-chain data looking? Has anyone figured it out?
Is the 3050 target reliable? Feels a bit uncertain.
View OriginalReply0
TopBuyerBottomSeller
· 5h ago
Are you trying to trick me into bottom fishing again? Last time I followed your advice to short at 3150, and it rebounded directly to 3200
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Death cross, death cross, death cross, every day a death cross, why am I still losing money
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MA30 is struggling to hold the bottom, I saw this chart last year
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3050? Dream on, the pump won't give you a chance
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Bro, I just want to ask, did you make money? Just share
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No matter how well the moving averages are aligned, they can't beat the manipulator’s hand
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It's all about technical analysis again, what about fundamentals? Don’t be lazy
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I reversed your position, and this month's profit doubled
View OriginalReply0
ForkItAllDay
· 5h ago
Another death cross on the MA, another short signal. I'm tired of hearing this explanation.
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It feels like the 3100 level will have to be repeatedly tackled; the momentum really isn't strong.
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Wait, the title says Solana but the article talks about ETH? Did I misunderstand, or is there an error in the article?
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Is it true? Are people still trusting technical analysis... On-chain data is the real king, okay.
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If it drops to 3050, it will be the bottoming point. The more it falls, the greater the opportunity.
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Every time they say shorting is more profitable, but when the price crashes, they cry and scream.
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I'm tired of seeing the moving average death cross; isn't the rebound the real opportunity?
View OriginalReply0
DegenTherapist
· 5h ago
Another bearish signal, can it drop to 3050 this time?
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The MA30 line is really stubborn, feels like it will stay sideways for a long time.
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Died crossed and still dare to buy the dip? Brother, you are really brave.
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Shorting at 3120 sounds simple, but the actual operation is another story.
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Hard bones are hard bones; if you can't break through, you can't break through.
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If on-chain data doesn't cooperate, this analysis is pointless.
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Every time they say the technicals are looking good, then it moves in the opposite direction.
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Stuck in the adjustment rhythm... how long will this take? Feeling exhausted.
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Can 3050 hold? I feel like it still has to fall.
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Shorting opportunity? Or a short trap? Always a trap.
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All short-term moving averages are dead crossed, making it easiest to get caught at this time.
#Solana行情走势解读 Ethereum Short-Term Technical Analysis
$ETH is currently stuck in a correction phase on the 4-hour chart, with the market showing signs of bearishness. From the candlestick perspective, the price has consecutively broken below the MA5 and MA10, and the death cross of the short-term moving averages is quite evident. This represents a significant resistance level that is difficult to bypass.
A key point is that the area around MA30 has been repeatedly tested for support but has not stabilized. The price range of 3100-3110 appears to be a tough nut to crack, and with insufficient upward momentum, breaking through this level is challenging.
From a trading perspective, one could consider short positions in the 3120-3150 range, with a focus on 3050 as a target in the short term. The weakening of the moving averages and the sluggish price action are likely to continue constraining upward movement, and the technical setup remains favorable for a bearish bias.
Fundamental fluctuations will continue to depend on upcoming on-chain data and how market expectations evolve.