Ethereum (ETH) is currently operating in a critical range, focusing on the support of 4150 USDT and the resistance of 4330 USDT.
Market Core: Range oscillation, tug-of-war between bulls and bears.
Resistance is firmly established: 4330 USDT pressure is significant, with the price repeatedly failing to break through and leaving long upper shadows, with sell orders firmly guarding this level.
Support Key: 4150 USDT. Strong support, with obvious buying interest when dipping to this level, and volume occasionally increasing. Losing this level may risk a drop to the 3900-4000 USDT order zone.
Current Pattern: ETH is oscillating within a narrow range of 4150-4330 USDT (especially recently, 4250 USDT also forms minor resistance).
Indicator Analysis: Weakening momentum, showing cautious signals.
MACD: A death cross has appeared, and green bars are starting to appear, indicating that short-term upward momentum is weakening, and downward momentum is initially showing but not yet amplified.
KDJ: J value reaches 95.27, in the short-term overbought area, indicating that the short-term rise is too rapid and requires adjustment or correction.
Trading Volume: Volume during the consolidation period has significantly shrunk, and the price lacks directional guidance for a breakthrough. Increased volume is the key to determining the subsequent direction.
Core Viewpoint: Focus on testing support, building momentum.
Short-term (today/tomorrow): Likely to test support. Limited by strong resistance above, KDJ being overbought, and MACD death cross signals, the bulls are weak. The price may test the support of 4150 USDT (even slightly breaking down to around 4120 USDT), testing the strength of buying support. If it does not effectively break down below 4150 USDT with volume, it will be regarded as a false breakdown. 4250 USDT's minor resistance also constitutes intraday resistance.
Medium-term Outlook: Potential for upward breakout remains. If 4150 USDT can continue to stabilize with increased volume, it proves that the main funds are still gathering strength. With MACD green bars shortening and trading volume moderately increasing, ETH is expected to challenge 4330 USDT again or even reach new highs. BTC's trend is an important coordinating factor.
Key Focus: 'Price' and 'Volume'!
Core Support: 4150 USDT! Observe the speed of the dip and whether it can quickly recover with volume. An effective breakdown with increased volume that cannot be recovered is a risk signal.
Core Pressure: First look at 4250 USDT, ultimate target 4330 USDT! To reverse the downward trend, it requires clear volume to stabilize above 4250 USDT, in order to accumulate momentum to challenge the highs.
ETH is in a 'bottom floor (4150) below and ceiling (4330) above' oscillating pattern, with a slightly higher probability of testing support in the short term. The key is to observe the price near the critical levels of 4150 USDT and 4250/4330 USDT, along with the performance of trading volume. The key signal for the market's directional choice is worth continuous attention.
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