1. Current trend — like a ball bouncing back and forth between 4550 and 4640.
Upper pressure line: 4640 (golden resistance level, every time it has reached this point, it has been pushed back).
Lower safety cushion: 4550 (every time it drops to this level, funds buy the dip, bouncing back like a spring).
Current price: 4596 (stuck in the middle, not moving up or down).
2. Indicator signals — bulls and bears are 'playing Tai Chi'.
MACD/KDJ are stuck together (no direction, indicating that large funds have not yet acted).
委比买盘+0.73% (In a volatile market, this data is useless, don't take it seriously.)
Candlestick patterns are red and green (all small fluctuations, a typical 'sideways market waiting for change').
3. Old Bull's perspective: looking to pull back to 4550 in the short term, but 4480 is a bit precarious.
Why watch 4550?
This level has been validated multiple times as support, as solid as a 'floor'.
Once it breaks 4600, short-term stop-loss orders will quickly push down to 4550.
Why is 4480 difficult?
It depends on a 'black swan' (like a BTC crash/regulatory bad news), which is unlikely.
If there is no major bad news, 4550 can stop the decline.
4. Operating strategy — don't bet on direction, wait for the market to choose a side itself.
If it rebounds to around 4640: reduce positions or open a short (previous high pressure is strong, likely to pull back).
If it drops to 4550: observe if it can hold, if it holds, buy on the dip, if it breaks, cut losses.
What is most feared in the market? — False breakout! Going up past 4640 and then crashing back down, or breaking 4550 and then bouncing back, these situations are easy to get liquidated.
Summary:
ETH is currently in a 'oscillating waiting for news' state, don't act recklessly before a major trend. Remember Guang Ge's mantra: 'If the pressure level doesn't go up, it goes down; if the support level doesn't break, buy'. Control your hands and wait for the market to clarify itself!
People are more important than anything! If you are still wandering in confusion, consider following @crypto Guang Ge to help you seize every wave of the bull market.
