📊 ETH/USDT 1H Technical Deep Dive

1. Trend Structure and Moving Average Patterns

The price retraced from the previous high of 3,067.86 USDT and rebounded after finding support at 2,863.86 USDT. Currently, the price has reclaimed the 2,960 USDT level. The short-term MA5 and MA10 have formed a golden cross, and the price is above the short-term moving averages, indicating that short-term bullish momentum is temporarily dominant; however, the MA20, MA30, MA50, and MA100 are still in a bearish arrangement, with the price being suppressed by the MA100 (3,090.31 USDT). The medium-term downward pressure remains, and this move is only a technical oversold correction. A trend reversal still needs further confirmation.

2. Volume-Price Relationship and Capital Flow

During the rebound phase, trading volume increased moderately compared to the decline phase. The volume moving averages have turned upward in sync, indicating capital is flowing back into the market and buy orders are accumulating at lower levels. Short-term funds are beginning to position. However, there has been no breakthrough in volume, and the strength of capital support for a trend reversal is insufficient. Most of the current volume increase is due to short-term funds covering previous positions, not large-scale entry of new trend-following capital. Caution is advised for potential volume contraction and a pullback after a high.

3. Multi-Dimensional Technical Indicator Validation

• MACD: DIF and DEA are closely aligned below the zero line. The red histogram turned green and then red again, indicating short-term bullish momentum is fluctuating. The indicator has not yet broken above zero, signaling a weak rebound. A trend reversal requires the MACD to stay above zero with the red histogram continuing to expand.

• RSI: Currently at 44.33, in a neutral to slightly weak zone, not yet overbought or oversold. There is still potential for a short-term rebound, with no clear signs of momentum exhaustion. Watch for a bullish turning point; if the RSI encounters resistance near 50 and falls back, it could trigger a phase correction.

4. Key Price Levels and Market Dynamics

Resistance Levels

1. 2,990 USDT: The MA20 acts as an immediate resistance, representing the first critical hurdle for a short-term rebound. A strong breakout requires volume support; without volume, upward attempts are likely to face resistance and retreat.

2. 3,090 USDT: The MA100 acts as a core medium-term trend reversal point. A volume-supported breakout above this level could break the medium-term downtrend and open further upside space.

Support Levels

1. 2,949 USDT: The MA5 support level, also the lower boundary of the recent rebound consolidation zone, is an important short-term bullish defense line. Falling below this level would weaken the rebound trend, trigger short-term long exits, and lead to sideways movement.

2. 2,863.86 USDT: The previous low and the current rebound start point, representing a short-term trend watershed. A confirmed break below this level would mean the rebound has failed, and the price could resume a downtrend.

Overall, ETH/USDT on the 1-hour chart is in a recovery rebound phase after being oversold. Short-term bullish momentum has improved, but medium-term moving averages still exert resistance. The next key focus is whether the volume can break through the 2,990 resistance level convincingly, and the strength of support below. The interplay of volume and price will be crucial for the continuation of the trend.#Gate每10分钟送1克黄金