Ethereum hourly technical analysis:

1. Price Trend

The price previously surged to 3045.47 and faced resistance, then pulled back. It has now broken below short-term support levels, entering a correction phase.
The latest price at 3002.69 has fallen back into the previous consolidation zone's lower boundary, showing some short-term support. However, if it breaks below, further decline may occur.
2. Indicator Signals

Blue moving average line (similar to Bollinger upper band / MA20): The price has fallen from above this MA line to below it, indicating weakening short-term bullish momentum and market turning weaker.
White moving average line (short-term MA, such as MA5/MA10): The price has broken below this MA, which is starting to flatten and turn downward, signaling short-term weakness.
Pink indicator line: Previously followed the price upward, now in a flat turn, indicating diminishing bullish strength with no clear reversal signal.
Blue small circle: Usually a trend indicator signal point, appearing during previous upward movements. During the current correction, the number of circles has decreased, confirming trend weakening.
3. Key Support and Resistance

Support level: The nearby 3000 integer mark is an important psychological support. If broken, support below is around the previous low of 2980.
Resistance level: Short-term resistance above is in the 3020–3030 range (previous consolidation platform), with strong resistance at the previous high of 3045.47.
4. Future Trend Projection

Bearish scenario: If the price cannot stabilize above 3000 support and breaks below, it may test support at 2980 or further decline.
Bullish scenario: If it can hold above 3000 and re-establish above 3020, there is a chance to retest the previous high at 3045.
Key Price Levels and Strategy Suggestions
Price Range
Nature
Strategy Advice
3045.47
Strong Resistance
If the price rebounds to this level and faces resistance, consider reducing positions or short-term shorting; if volume breaks through, look for bullish signals.
3020–3030
Short-term Resistance
When rebounding to this range, if there are signs of resistance (such as long upper shadows, volume stagnation), consider taking profits or reducing positions.
3000–3005
Core Support
If the price stabilizes and rebounds within this range (e.g., bullish engulfing, volume decrease doji), consider low buying or adding positions; if it breaks below, stop-loss is necessary.
2980
Strong Support Level
If it pulls back to this level, observe for stabilization signals. If present, consider phased low buying.
Bitcoin hourly market analysis:

1. Trend Judgment

The price previously experienced an upward rally starting around 87200, reaching a peak near 90600 before encountering resistance and pulling back.
The latest price at 89013.0 has broken below short-term MA lines, currently in a correction phase.
Overall, this is a technical pullback after an upward trend, but if support levels are lost, further weakening is possible.
2. Indicator Signals

Blue moving average (medium to long-term trend line): The price has fallen from above this MA to below it, indicating weakening short-term bullish momentum and cautious market sentiment.
White moving average (short-term MA): The price has broken below this MA, which is starting to turn downward, a clear sign of short-term weakness.
Pink indicator line: Previously followed the price upward, now in a flat turn, indicating diminishing bullish strength with no clear reversal signal.
Blue small circle: During the upward phase, many circles appeared; during the correction, the number of circles has significantly decreased, confirming trend weakening.
3. Key Support and Resistance

Support levels:
88800–89000: The lower boundary of the previous consolidation platform and the core support zone. If broken, support is around 88000.
Resistance levels:
89500–90000: The previous dense trading zone and main resistance area for short-term rebounds.
90600: The previous high, an important resistance for bulls.
4. Future Projection

Bearish scenario: If the price cannot stabilize above 88800 and breaks below, it may test support at 88000.
Bullish scenario: If it can stabilize around 89000 and re-ascend above 90000, it may challenge the previous high at 90600.
Key Price and Strategy Table
Price Range
Nature
Strategy Advice
90600
Strong Resistance
If the price rebounds to this level and faces resistance, consider reducing positions or short-term shorting; volume breakout and stabilization suggest bullish continuation.
89500–90000
Short-term Resistance
When rebounding to this range, if signs of resistance appear (long upper shadows, volume stagnation), consider taking profits or reducing positions.
88800–89000
Core Support
If the price stabilizes and rebounds within this range (e.g., bullish engulfing, volume decrease doji), consider low buying or adding positions; if it breaks below, stop-loss is necessary.
88000
Strong Support Level
If it pulls back to this level, observe for stabilization signals. If present, consider phased low buying.