Ethereum has shown two consecutive days of small bearish candlesticks in a doji pattern, indicating significant divergence in capital here. However, the quick recovery after yesterday's decline also demonstrates that the bullish strength remains relatively strong. After short-term fluctuations, following a decline and a pullback on an hourly basis, it will continue to push towards higher prices.
$4400 will not be a significant resistance level, $4600 and $4800 will be the main resistance levels in the near future.
Currently, the movement is a rebound within the 12-hour EMA52 and the daily MA30, as well as a rebound within the 4-hour MA30, and the 1-2 hour EMA52 line.
Short positions can be taken at the 2-hour EMA52 line and the 4-hour MA30 line EMA52 line for short-term gains.
Daily resistance levels are 4370-4620-4880, support levels are 4130-3990-3890-3660-3540-3410.
