【ETH Daily Chart Structure In-Depth Analysis | Breakdown and Test of Bull-Bear Boundary】#现货黄金再创新高

Core Structural Evolution
The ETH daily chart has shown a clear technical breakdown. The price has not only fallen below all short- and medium-term moving averages (MA5-MA50), but has also significantly dropped below the key psychological and technical threshold of $3000, and is currently testing the area around $2900. The current price is $2896, approaching the lower boundary of the long-term ascending channel marked on the chart and the support zone above the previous platform at $2623. Structurally, the market is rapidly shifting from “high-level oscillation” to the critical stage of “testing the bottom line of the long-term bull market structure.”

Key Technical Levels and Signals

1. Deterioration of Moving Average System:
· Short-term moving averages MA5 (3096) and MA10 (3194) have already experienced a death cross and are rapidly declining, indicating strong suppression.
· More critically, the price has fallen below MA30 (3102) and MA50 (3086). These two moving averages are often regarded as the “lifeline” of medium- and long-term trends. Losing them means the mid-term upward structure has been compromised, and the market has entered a correction phase dominated by bears.
2. Key Price Levels and Defensive Lines:
· Current support observation zone: $2890-$2929 is a recent direct support band. If the price cannot stabilize here, there will be a lack of effective technical support below, potentially accelerating the slide toward the previous rally platform at $2623.
· Heavy resistance above: Any rebound will face strong pressure in the $3080-$3100 (MA50 and MA30) zone. This area has become the “watershed” for judging the strength of the rebound. Failure to regain this zone means all rebounds are considered a continuation of the decline.
· Bull-Bear Psychological Boundary: $3000 has shifted from support to a difficult-to-cross resistance.
3. Momentum Indicators Confirm Trend Reversal:
· MACD clearly signals a trend reversal: the DIF line has crossed below the DEA line, forming a death cross, and the histogram (MACD) has rapidly turned green and extended significantly (-71). This is a classic signal at the daily level indicating exhaustion of upward momentum and strong release of bearish momentum, confirming the trend reversal.
· RSI enters the weak zone: reading at 36.22, having exited the strong zone and entered the weak zone, indicating a substantial decline in buying strength and providing space for further price adjustment.

Future Core Projections
The ETH daily structure has issued a clear “trend weakening” signal. The current focus is on the depth and nature of the correction:

· Path One (Strong Rebound Limit): The price finds support somewhere between $2890 and $2623 (e.g., $2750-$2800) and organizes a rebound, but the height of the rebound may be limited below $3100. This will form a large-scale oscillation box, requiring more time for market repair.
· Path Two (Deep Adjustment Initiation): The price fails to stabilize above $2900 and directly drops with increased volume toward the core platform at $2623. If this platform is broken again, it could mean that the current bull market structure faces a larger challenge, and the duration and scope of the correction will be significantly extended.