#以太坊行情技术解读 Is this Ethereum rebound genuine or fake? The technical analysis provides the answer.

In the early hours Beijing time, Ethereum held the 3218 level. Looking back at recent movements, many caught the bottom yesterday and earned nearly 100 points in profit, but before they could exit, the main force swept through the market. Currently, the market is really a tug-of-war.

From historical experience, every time the Federal Reserve makes a move, the market usually experiences a sharp decline first to shake out weak hands. This time is no exception—dropping directly from the high of 3440 to 3140, liquidity was cleaned out completely. The key supports now are in two zones: the Fibonacci 0.5 line at 3170 and the EMA15 trend line at 3122. Whether these levels can hold basically determines the next direction.

Looking at the daily chart, the recent high was 3326, with a dip down to 3142. The EMA indicator has contracted significantly, with resistance at 3518 above and strong support at 3122 below. The weekend will likely see some churning within this range. MACD has volume increase, but DIF and DEA have already crossed below zero, signaling a clear bearish trend. The price also broke below the Bollinger Band upper band at 3329, with the middle band support at 3035. This pullback should be a normal technical correction, but beware of the main force smashing through 3000 and then rallying—everyone who has been caught in this trap knows it well.

The four-hour chart has already formed a descending flag pattern, with EMA indicators contracting in sync, and the 3170 level providing significant support. Further down, 3110 can be monitored. MACD is decreasing in volume, indicating a slight increase in chips, but DIF and DEA are dead-crossing at high levels, a clear short-term bearish signal. After falling below the Bollinger middle band at 3230, it has turned into resistance, with the lower band support at 3040.

In the short term, it will depend on whether these supports and resistances are genuinely broken—if they cannot be broken, expect continued churn; a clear breakout in either direction will send a strong signal.