Key contradiction: Continuous breakthroughs above previous highs followed by sell-offs show significant selling pressure above. In the short term, observe the battle between bulls and bears at key levels.

1. Core points at the 4-hour level: The decisive factor for bulls and bears at 1801

1. Holding above 1801:

- If the 4-hour close holds this position, it means the bulls are digesting selling pressure, and an upward trend may continue.

- Upper pressure level:

- 1830 (short-term resistance, near previous highs);

- 1856 (mid-term dense trading area resistance);

- 1881 (key point of long-term trend).

2. Losing support below 1801:

- If the close cannot hold, bears may dominate the correction, testing lower support.

- Lower support level:

- 1777 (recent low point, initial support);

- 1755 (4-hour moving average support, breaking this may accelerate declines);

- 1721 (strong support area, corresponding to previous fluctuation lows).

2. Trend interpretation and strategy advice

- Reasons for the bulls being blocked:

Previous trapped positions selling off at highs + short-term profit-taking led to a pullback after a rise, requiring volume support to break through the pressure zone.

- Operation reference:

- Aggressive: After holding above 1801, lightly try going long, targeting 1830-1856, with a stop loss at 1790;

- Conservatives: Wait for a breakthrough above 1830 and a pullback confirmation before following, to avoid chasing highs;

- Bearish opportunity: If it breaks below 1777, a light short position can be initiated, targeting 1755-1721, with a stop loss at 1785.

- Risk warning:

Pay attention to the evening stock market correlation and the impact of Bitcoin (BTC) movements on Ethereum. Control positions strictly, and be decisive with stop losses.

3. Summary

Ethereum is currently in a critical stage of testing selling pressure after a failed breakout. The contest between bulls and bears at the 1801 level will determine whether a new wave of increase begins or if a continued fluctuation and correction occurs. It is recommended to closely monitor the 4-hour closing pattern and use MACD golden cross/death cross signals to assist in judgment, avoiding heavy positions when direction is unclear. $ETH #以太坊走势