ETH early morning small positive rebound, can the 4H upward trend continue?

During the early morning period, the current price of ETH/USDT is 2066.39, with a 24h drop of -4.7% (-101.79) overnight, a high of 2169.27, a low of 2034.54, and a trading volume exceeding 700 million USDT. The latest 4H candlestick opened at 2060.43, with a high of 2067.66, a low of 2056.8, and closed at 2066.39, forming a small positive candlestick, with an upward trend indicating short-term buying pressure stabilizing.

From a technical perspective, the most recent candlestick is bullish, with an overall upward direction. The price is above the moving averages, with clear arrangements of red and green moving averages, and the price is firmly above the red moving average, showing decent support. The chart signals indicate 'bullish OB' and 'bearish OB', suggesting fierce battles between bulls and bears, but upward momentum is dominant. The trading volume alternates between red and green, with fluctuations in volume, and the volume-price relationship is generally average, with no extreme volume observed. The information panel shows the current position is near the 'premium area', close to the 'equilibrium area', with support below in the 'discount area'. The indicator panel ATR shows recent volatility at 45.88, with indicators like WT and DSI being neutral to bullish, and the overall trend at the 4H level is upward.

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Regarding key price levels, short-term support focuses on 2056.8 (4H low) and 24h low 2034.54, with resistance at 2169.27 (24h high). The support and resistance indicated by the red and green horizontal lines on the chart need to be carefully monitored; if it holds near 2056, it can be seen as a buying opportunity in the equilibrium area; a drop below 2034 would signal downward risk.

Operational thoughts: Early morning rebound signals are beginning to appear, short positions can be lightly tried for bullish trades with a target near 2170, but strict risk management is necessary, with a stop-loss set below 2056. Under the 4H upward trend, prioritize observing opening volume; if it breaks through moving average resistance with increased volume, additional positions can be added; conversely, if volume decreases, stay on the sidelines. Daily volatility increases, and position control should be within 3% to avoid chasing highs. Overall, maintain rationality and adjust according to the overall BTC trend.

This article represents personal views only and does not constitute any investment advice. DYOR.