ETH Short-term Review: Where are the Opportunities in the Sideways Consolidation?

Current Trend: Mainly Sideways Consolidation

ETH recently rebounded to 3857 before retreating, currently oscillating around 3690.

The 4-hour level shows decreasing volatility, with both bulls and bears observing, direction unclear.

Technical Signal Summary

MACD Weakening: Momentum decreasing, market slightly leaning towards adjustment.

RSI Neutral: Currently at 57, no signs of overbought or oversold yet.

Moving Average Structure: Short-term support around 3610, overall still leaning bullish, but upward momentum is weak.

Operation Strategy (Short-term Bias)

Long Position Focus:

3610: EMA30 support, short-term buying opportunity.

3550: Important daily support + round number, capital may flow back.

Short Position Reference:

3750: Upper boundary of consolidation + short pressure point, can lightly short if rebound lacks volume.

3800: Close to previous high, beware of a pullback after a spike.

ETH's current trend is biased towards oscillation, with short-term opportunities in the range of high selling and low buying. A real breakout still requires volume confirmation. Don't easily take heavy positions; prioritize stability.

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