From the 4-hour chart of Ethereum, the bullish structure has not completely collapsed, and the moving average system still shows a certain bullish arrangement, indicating that the upward momentum in the medium term has not completely disappeared. However, recently, after a sharp rise in price, there was a quick pullback, and the candlestick pattern showed a long upper shadow, reflecting significant selling pressure above. Both bulls and bears are in a game at the current position, and short-term sentiment tends to be cautious.

Looking at the hourly level, the trend has shown signs of fatigue, having not only broken below the short-term upward trend line but also the MACD indicator showing a dead cross and diverging downwards. The trading volume is also showing a shrinking trend, which echoes the pullback seen in the 4-hour chart, indicating that the upward rhythm in the short term has been interrupted, and the price is temporarily under pressure.

In terms of operations, short-term focus should be on the strength of support in the key lower area. Considering the weakening signals at the hourly level, it is more suitable to grasp the opportunity to short during a rebound within the day. It is recommended to arrange short positions in the range of 4580 - 4630, targeting around 4350 while setting a stop-loss to respond to potential sudden market fluctuations. #ETH突破4400 #CPI数据来袭 #币安Alpha上新 #ETH #ETH走势分析