#数字资产市场动态 【Ethereum Market Update】Technical indicators are brewing potential changes

Recently, I’ve been watching the 1-hour chart of ETH. During the early hours, the price once again softened near the MA60 moving average. The Bollinger Bands are not showing any clear signs of expansion for now. However, the MACD is interesting — it shows decreasing volume above the zero line, with the fast and slow lines approaching each other. Honestly, this kind of pattern often leads to a death cross.

The three lines of the KDJ have already crossed downward and are now approaching the 50 level; the three RSI lines are also trending downward, forming a crossover near 44. The short-term correction pressure is quite significant.

Looking at the support levels below, both the lower band and yesterday’s low need close attention. If these two levels are broken, there’s room for further downside.

**Switching to the 4-hour chart perspective makes things clearer.** The midline has been suppressing the price. After the death cross a couple of days ago, the fast and slow lines are converging, indicating that the momentum is waning. The KDJ shows a clear turning point around 64, and the RSI lines have successfully turned downward. These signals point to a relatively confirmed correction trend. If support is broken, the next low is likely around 2800 or even touching the lower boundary of the daily chart.

**Here’s the trading plan —**

**For short positions**: Lightly open shorts above 2960, with a stop-loss above 3020. The first target is 2900. If 2900 doesn’t hold, watch the 2880-2850 zone; if it breaks further, you can chase down to below 2800.

**For long opportunities**: Lightly build longs below 2800, with a stop-loss below 2740. Targets are sequential: 2850 → 2910 → 2960. If the price breaks through the 3000-3050 zone, you can hold and wait for a larger rebound.