2025/7/31 #ETH# $ETH Current trend: consolidation phase in the rising trend

1. Price Trend Analysis
Latest price 3840, up about 8.9% from the recent low of 3527 (July 23).
After recently forming a high point of 3907 (July 28), a pullback occurred, but it remains oscillating above 3800.
2. Interpretation of Key Indicators
EMA Trend Indicator:
Fast line (3802.44) > Slow line (3791.10), and the fast line continues to run above the slow line, indicating a strong short-term trend.
MACD Indicator:
Latest DIF ( 11.34) > DEA ( 15.40), but the histogram ( -4.06) shows that momentum has slightly weakened.
On July 27, there was a strong rise momentum (bar chart peak value 12.75)
RSI Indicator:
The latest 55.95 is in the 50-70 range, neither overbought nor oversold.
From the rebound of 43.89 on July 24, it shows that buying power has strengthened.
StochRSI indicator:
The K value (33.46) and the D value (21.50) have pulled back from the overbought area.
On July 27, it reached a super overbought level of 100, and the current pullback is a normal phenomenon.
3. Volume Observation
On July 28, a 672M volume pullback occurred.
The latest trading volume of 208M is relatively moderate, with no panic selling occurring.
4. Trend Judgment
Currently in the consolidation phase of a short-term pump trend, reason:
1. The main moving averages maintain a bullish arrangement (EMA fast line > slow line)
2. Although the MACD momentum has weakened, it has not formed a death cross.
3. The price forms a new support platform after breaking through the previous high of 3750.
4. The RSI remains at a healthy level, with no trend reversal signals.
5. Key Position
Support levels: 3800 (psychological barrier), 3750 (previous high turned support)
Resistance level: 3900-3941 (recent high)
Operation suggestions
Before breaking below the 3750 support, it can still be considered a normal pullback in an upward trend. Need to pay close attention to:
If it breaks through 3900 with volume, it may trigger a new round of pump.
If it breaks below 3750 and the MACD forms a death cross, it may turn into a downtrend.