Current ETH spot price around 1810, combined with the 4-hour chart, shows the overall trend is a high-level consolidation after a rebound, but in the short term, there is a sign of increasing volume convergence and high-level dullness.
Technical Details Analysis:
The Bollinger Bands have begun to converge, with prices fluctuating near the upper middle band without effectively breaking above.
MACD death cross has formed, yellow and white lines are diverging downwards, volume bars have turned green, and momentum is weakening.
In the EMA moving average system, the 5EMA and 10EMA have formed a preliminary death cross, strengthening the short-term bearish tendency.
The SAR indicator has turned green and is suppressing prices from above, with multiple consecutive green dots creating resistance above.
Trend Line: Support below is around 1760; if this level is lost, it could accelerate the decline in the short term.
Overall, ETH is currently showing weak rebound strength, with today’s movement leaning towards downward fluctuations; a small rebound in the short term still provides shorting opportunities.
Operational Plan (based on the current market conditions):
First Support Level: 1778
Second Support Level: 1745
Support Level: 1825
At the current price near 1810, leaning towards a light short position, favoring a downward trend operation.
Predicted range of possible positions for today: 1760 - 1740
