#ETH Four-Hour Chart: Are Bulls 'Bluffing'? Callback Risk Soars, Are You Ready?
ETH's four-hour chart shows a strong bullish trend, with prices rising over 120%. The short- and medium-term moving averages are in a bullish arrangement, and the middle band of the Bollinger Bands offers support. However, the MACD shows signs of a 'top divergence', and the K-line has broken through the upper band. The Bollinger Bands are narrowing, and the DIF is about to cross below the DEA. The RSI is overbought, and the latest K-line is experiencing a volume decline, indicating that callback risk is rising.
I personally believe we are in the callback brewing period at the end of the bullish trend. In the short term, a pullback to 4400 - 4300 may accumulate strength, and in the medium term, as long as it does not break the middle band, we still look bullish. The bullish defense lines are at 4500 and 4309, while the bearish indicators include the MACD death cross, etc.
In terms of operations, holders should move their stop-loss levels higher and reduce their positions on breaks; observers should build positions at 4400 - 4300 and chase long positions on a breakout at 4640. Pay attention to the impact of August's derivatives expiration and the risks of top divergence.
The market's bulls appear 'strong on the outside but weak on the inside', suggesting a defensive counterattack. Maintain a bottom position, strictly adhere to stop-loss levels, and monitor 4309, ensuring stability during upward movements and avoiding deep adjustments if lost.
Later, I will publicly lay out the strategy in the internal luxury group. When to enter, when to exit? How to catch strong coins? What profit target to set? The top experts will inform fans in real-time within the luxury group. As long as you follow my thoughts and execute what I say, you will definitely reap the rewards!
