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【ETH Technical Analysis: Short-term Weakness and Mid-term Support Key Collision】$ETH #加密市场观察
From the current structure, ETH is at a sensitive point where the short-term downtrend is colliding with the mid-term critical support zone. The 1-hour timeframe shows a clear bearish pattern: the price is below all short-term moving averages, MACD is below the zero line, and RSI around 41 indicates that downward momentum still has room to release, but declining volume suggests a bearish consolidation pattern.
More significantly, the 4-hour timeframe: the price has broken below the MA20 dynamic support and is currently testing the key zone of 3228-3230 — which is both a previous low platform and the position of the 4-hour MA30. Below that, 3178-3144 (MA50 and MA100) form the final mid-term bullish defense line. Notably, although the 4-hour MACD histogram has turned negative, the DIF value remains high, implying this could still be a deep correction within an ongoing uptrend.
Key game and projection:
· 3337 above is the first threshold to reverse the short-term weakness; only after breaking it can the downward pressure be alleviated
· 3228 below is the dividing line between bulls and bears; losing this level will open the path to the 3180-3144 zone
· There is a high probability of oscillating and building a bottom between 3228-3337, using time to digest selling pressure