【ETH/USDT 1H Level Technical Analysis: Decaying Downward Momentum, Entering a Rebound Phase】

From the 1-hour K-line chart of ETH/USDT, the market is shifting from a unilateral decline to a consolidation and rebound. The moving average system (MA20/50/100) remains in a bearish arrangement, exerting resistance above the price, especially as the mid-term moving averages are diverging downward, indicating that the trend bearish force has not been fully dismantled. After touching the low of 2863.86, the price rebounded, and the continuous candlestick bodies are shrinking, showing that the downward momentum is clearly weakening, and the bearish force is rapidly diminishing, while the bulls are beginning to attempt to intervene.

Regarding key levels, short-term resistance is concentrated around 3050-3100. This area is not only a resistance zone from the previous decline but also a convergence point for multiple moving averages. If the price cannot break through with volume, the market may remain in a consolidation pattern; the core support level is at 2863. If the price falls back and breaks below this level, it could indicate the continuation of the downtrend. Conversely, holding above it would establish a bottom range. From the indicator signals, the MACD DIF and DEA are showing a preliminary golden cross below the zero line, with weak red momentum bars, a typical “underwater golden cross” rebound pattern, indicating that this is only a rebound, not a reversal, and the momentum still needs to strengthen. Meanwhile, trading volume is decreasing, combined with small-bodied candlesticks, further confirming a market with strong wait-and-see sentiment, currently in a consolidation and accumulation phase.

The current trend is clearly a “technical rebound after a sharp decline.” Focus should be on whether the key resistance at 3050 can be broken—if volume increases and the price stabilizes above 3050-3100, it could open up space for a rebound; if resistance causes a pullback and the price falls below the 2950 support, it may retest the previous low of 2863. Overall, in the rebound phase, the bullish and bearish forces are in balance, and the direction may be decided soon. It is recommended to closely observe changes in volume and the effectiveness of key levels.

Summary: The market is currently in a weak rebound phase with an unclear direction. Focus on whether the key resistance at 3050 can be broken—if broken, look higher; if resisted, it may revert to consolidation or decline. #Gate每10分钟送1克黄金