"Jack's Trading Classroom: Views on the trends of ETHUSD Ethereum at different periods"

Original trading classroom by Jack, "ETHUSD: Perspectives on the Trend in Different Periods of Ethereum"

ETHUSD Ethereum Trend Analysis in Different Periods - Daily Chart

Today, we are looking at the trend chart of ETHUSD Ethereum. The market analysis will be divided into two separate articles based on different time periods.

First, let's take a look at the daily chart of ETHUSD Ethereum. In the chart, we can see that the current bottom low of Ethereum is still rising, and the short-term moving average is crossing above the long-term moving average with a diverging gap, indicating a typical bullish trend. The overall bullish trend has not reversed yet. After reaching a high point at 253.9 in the structural resistance zone, the price rebounded slightly. For medium to long-term strategies, it is still advisable to follow the bullish trend. Entering the spot market at the bottom support trend line or below the support level, the next key daily resistance level is at 286.40 and should be closely monitored.

Upper Resistance Levels
R1 286.40

Lower Support Levels
S1 223.75
S2 210.85
S3 182.15
S4 170.95
S5 143.30
S6 131.90

ETHUSD Ethereum Trend Analysis in Different Periods - One-hour Candlestick Chart

Earlier, we shared our analysis of the ETHUSD Ethereum daily chart. Now, let's switch to the one-hour candlestick chart of Ethereum. In the shorter time frame chart of ETHUSD, we can see that after forming the high point at 253.90, the price has been unable to break through and the high point continues to decline.

Objectively speaking, Ethereum is in a retracement phase on the one-hour chart. It is not advisable to enter long positions with high leverage until the upper resistance trend line is breached. The support level to watch is also at 223.75. Traders may consider entering short positions if the short-term support level of 239.45 is breached, with stop-loss set at the previous high point or the upper resistance trend line, and take-profit target set at the lower daily support of 223.75.

Upper Resistance Levels
R1 243.55
R2 247.80

Lower Support Levels
S1 223.75
S2 210.85

In recent days, the digital currency market has experienced significant volatility. Traders are advised to strictly implement risk management and avoid high leverage and high contract volume operations to prevent additional losses caused by volatile market conditions. This article reflects personal opinions, please use caution when considering, as cryptocurrency trading may involve risks to your capital.

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