From the four-hour chart, ETH is at a critical turning point. The current price is oscillating around $4724, precisely stuck between the Bollinger Bands middle line ($4331) and upper line ($4625). This position is very delicate—breaking the upper line opens up upward potential, while falling below the middle line may trigger a deep correction.#ETH走势分析
Tonight's unemployment rate data will be a market catalyst:
If the data is favorable (unemployment rate rises):
Expectations for a Federal Reserve rate cut are rising, and ETH is likely to break through the resistance level of $4625.
The first target is the previous high of $4682, and the second target directly points to the round figure of $4800.
The MACD indicator has formed a golden cross above the zero line, which will strengthen upward momentum.
If the data is unfavorable (unemployment rate falls):
First test the psychological barrier of $4600; if it falls, look down to the Bollinger Bands middle line at $4331.
Strong support below at $4037 (Bollinger Bands lower line).
If trading volume increases, it may trigger a bull stampede.
Key indicators reveal secrets:
The RSI indicator is hovering around 50, showing a temporary balance of bullish and bearish forces.
The Bollinger Bands are beginning to constrict, indicating a direction will soon be chosen.
The high point of $4682 formed on August 15 constitutes short-term resistance.
Trading advice:
Aggressive traders may before the data release:
Build long positions in the range of $4650-$4725, stop-loss at $4580.
Breakthrough at $4750 can add positions, target $4800.
Conservative advice:
Wait to trade in line with the data after it is released.
Breakthrough at $4625 to chase long positions; if it falls below $4600, switch to short positions.
Special attention: Data market fluctuations are intense; be sure to control positions within 10%, and stop-loss settings should not exceed 2%. Remember, in the face of major data, staying alive is more important than making money. For following trades, please refer to the homepage introduction; continuous winning streak ongoing.