📌ETH/USDT 4-hour Trend Analysis: High Position Pullback, Focus on Support Strength

🔹Overall Trend

ETH soared from the $1400 area to over $2600, demonstrating strong bullish strength. However, the current price is blocked near $2647, showing a short-term pullback. Market sentiment has weakened somewhat, and there may be fluctuations and adjustments at high levels in the short term.

🔹Moving Average System

Short-term Moving Average (10-day): Signs of turning, with pressure below the price.

Mid-term Moving Average (30-day): Still maintains an upward trend, with current support around $2500.

Long-term Moving Average (60-day): Steadily rising, and the mid-term upward structure remains intact.

📌 Conclusion: A short-term pullback may continue testing support, but the mid-term upward trend remains unchanged. If it can hold above $2500, bulls still have a chance to counterattack.

🔹Structural Analysis

Pattern Analysis:

The current pullback has not damaged the overall upward structure and is considered a normal adjustment.

If the price can stabilize at $2500, a new upward starting point may form.

Support and Resistance:

Support Level: 2500 (key support), 2400 (secondary support).

Resistance Level: 2650 (previous high pressure), 2750 (previous selling pressure area).

🔹Volume-Price Relationship Analysis

This pullback is accompanied by increased volume, indicating strong bearish selling pressure.

In the future, if it stabilizes near $2500 with reduced volume, it will signal bulls to re-enter.

If it breaks below $2500 with increased volume, it may test the $2400 area downwards.

🔹RSI (Relative Strength Index) Analysis

Current RSI(14) is 58.93, falling back from the overbought region.

If it can rebound above 50, it will validate the re-entry of bulls.

Falling below 50 requires attention to deeper pullback risks.

🔹Summary

📉 Market Trend: High position pullback, testing support.

📊 Key Support: 2500 (short-term), 2400 (mid-term).

📈 Key Resistance: 2650 (short-term rebound target), 2750 (higher pressure).

🎯 Strategy Suggestions:

✅ Short-term focus on the support performance at 2500; if it stabilizes, attempt a light long position.

✅ If it breaks below 2500 with increased volume, it is recommended to wait around 2400 for further opportunities.

✅ If it can regain above 2650, the upward trend will resume.

Overall, bulls in ETH still hold the advantage, but short-term adjustment pressures are evident. Key attention should be paid to the stability at $2500 to determine the future trend direction.