Let's take a look at today's ETH trend analysis:
ETH rose slightly by about 0.1% in the last 24 hours. Earlier, ETH did indeed have a strong surge, reaching a high of around 2385, a new high since early February. However, influenced by the Middle East situation and easing expectations of interest rate cuts, prices have retreated from their highs and are currently consolidating in the 2100-2200 range.
From a daily chart perspective, prices are facing resistance near the 20-day EMA (around 2110), with the MACD showing bearish dominance and no clear golden cross signal. The RSI is hovering around 50, indicating a temporary balance between bullish and bearish forces.
On the 4-hour chart, the MACD is still below the zero line. Although prices have rebounded, open interest has not kept pace, indicating weakening bullish momentum. While funding rates have turned positive, buying depth is unbalanced, a typical "bull trap" structure.
Upside resistance: 2200-2250
Downside support: 2100-2090
ETH's price action is rather indecisive—bulls and bears are tug-of-war around 2150 without a clear direction. It is recommended to remain on the sidelines for now.
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{future}(ETHUSDT)