ETH Analysis
Bull-Bear Game Critical Point
Bearish Signal: The 90-minute candlestick forms a 'Top Formation + Evening Star' combination, KDJ dead cross, and RSI overbought, indicating a pullback risk. The current price approaches the $4,238 support level, and if it breaks, it may accelerate down to $3,654 (strong daily support).
Bullish Signal: The weekly MACD momentum is increasing, and the monthly candlestick shows a long-legged bullish line, indicating a mid-term bullish trend. If it stabilizes above $4,200, the target can be set at $4,500–$5,000.
Key Price Levels
Support: $4,238 (short-term strength boundary) → $4,000 (psychological level) → $3,900 (bullish defense line)
Resistance: $4,300 (intraday high) → $4,500 (previous high breakout target)
Bullish Strategy
Buy on pullback: If it retraces to 4000–4100 (previous resistance turning support), gradually build positions with a stop loss set below 3900, target 4300–4500.
Breakout chase: If it stabilizes above 4250 with volume, can enter for a price increase, stop loss at 4200, target 4500.
Bearish Strategy
Short on resistance: When under pressure at 4280–4300, lightly short, stop loss above 4350, target 4100, need to enter and exit quickly to avoid holding against the trend.