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#ETH Ethereum 15-minute candlestick chart shows a oscillating bullish trend, with the bulls holding the advantage but facing short-term correction pressure.
1. Candlestick Pattern and Price Movement
1. Short-term Volatility Characteristics: The price oscillates around the 3250-3300 range, recently forming a "Three White Soldiers" pattern (three consecutive bullish candles with closing prices rising sequentially), indicating short-term bullish strength. The current latest price is 3255.18 USDT, up 2.3% from the 24-hour low of 3182.00, with an intraday fluctuation of about 3.6%.
2. Key Price Levels for Reference:
• Resistance levels: 3307.82 (24-hour high), 3286.96 (recent local high);
• Support levels: 3220.93 (intraday low), 3182.00 (24-hour low).
2. Technical Indicator Analysis
1. MACD Indicator:
• The current MACD line (0.15) is above the signal line (-1.93), and the histogram has turned positive (0.15), indicating short-term momentum shifting from bearish to bullish;
• Note that the MACD histogram is relatively low, suggesting bullish momentum has not been fully released. If the histogram continues to grow, it may strengthen the upward trend.
2. KDJ Indicator:
• K value (54.69) > D value (50.40), and J value (63.27) crosses above K and D lines, forming a short-term golden cross, indicating a buying opportunity in the short term;
• All three are above 50, reflecting a market sentiment leaning bullish, but not yet in overbought territory (above 80), leaving room for further upside.
3. Volume and Buy/Sell Signals
1. Volume Change: The current 15-minute trading volume (745.57) has moderately increased compared to previous periods. Coupled with rising prices, this verifies the authenticity of the bullish strength.
4. Overall Judgment and Risk Warning
1. Short-term Trend: Bulls are favored, and the price is expected to test the resistance near 3300. If broken, it could open up further upside space; if rejected, the 3250-3280 range may become a focus for short-term trading.
2. Risk Factors:
• The 24-hour trading volume (2.4329 million) has decreased compared to previous periods, indicating insufficient market activity, which may lead to limited upward movement;
• If MACD shows a bearish divergence (price makes a new high but MACD does not), caution is needed for a short-term correction.