Ethereum core data breakdown (1-hour chart)

1. Price position: Current ETH price is about 2333 USDT, having quickly fallen from the intraday high near 2398, belonging to the retracement phase after a rally.

2. Moving average system:

◦ EMA30 (slow moving average) around 2340, the current price has already fallen below, indicating a slowdown in the short-term bullish trend;

◦ EMA10 at 2349, EMA5 at 2344, the price is currently trading below these short-term moving averages, showing signs of weakening but not yet confirmed stabilization.

◦ SuperTrend (10,3) support line near 2331, very close to the current price, is tonight’s first key support.

3. MACD: DIF (6.91) has fallen below DEA (11.06), MACD value is -4.16, with the red histogram disappearing and the green histogram emerging, indicating short-term upward momentum has exhausted, bearish strength is beginning to release, signaling a potential death cross.

4. Volume: During the decline, trading volume has significantly increased, indicating strong selling pressure and funds exiting at high levels.

Evening layout reference (divided into "long" and "short" strategies)

🔵 Long strategy (buying low, expecting a rebound after stabilization)

• Premise: Price does not break below key support, enter after stabilization to avoid "bottom fishing in the middle of the mountain."

• Entry reference:

1. First level (conservative): 2320-2330 range (near SuperTrend support + EMA30 retracement level), if the price retraces here and shows signs of stopping decline (such as small bullish candles, volume contraction and stabilization), can try a small long position.

2. Second level (aggressive): 2305-2315 range (near 24-hour low of 2308, a strong support zone), if the decline stops here, the rebound potential is larger, but wait for stabilization signals.

• Stop-loss reference:

◦ First level long stop-loss: break below 2315 (effective break, e.g., 1-hour candle closes below), indicating support failure, must exit.

◦ Second level long stop-loss: break below 2300, indicating short-term trend has weakened thoroughly, abandon long position.

• Take-profit reference:

◦ First target: 2345-2350 (retracement of EMA10/EMA5 resistance levels)

◦ Second target: 2370-2380 (near previous high resistance zone, partial profit-taking on rebound)

Short strategy (rebound short, betting on trend continuation downward)

• Premise: Price rebound is weak, unable to break through short-term resistance, belongs to trend-following short position.

• Entry reference:

1. First level (conservative): 2345-2355 range (EMA5/EMA10 resistance levels, also below the previous upward trendline), if the price rebounds here and encounters resistance and falls back (such as upper shadow, volume contraction), can try a small short.

2. Second level (aggressive): 2370-2380 range (strong resistance zone below intraday high), if rebound is blocked here, the risk-reward ratio for shorting is higher.

• Stop-loss reference:

◦ First level short stop-loss: break above 2360 (effective above 1-hour moving average, indicating downtrend is broken), must exit.

◦ Second level short stop-loss: break above 2400 (above intraday high, bullish trend reinitiated), abandon short idea.

• Take-profit reference:

◦ First target: 2320-2330 (current support level, first wave profit for short)

◦ Second target: 2305-2310 (near 24-hour low, can consider here after support break)

Remember, leverage of 100x should not exceed 2% of total position size.