The price has fallen below the middle band, but there is support at the lower band - the market is waiting for a signal.
From this 4-hour candlestick chart, ETH is currently priced at $4385, down 1.17%, having breached the middle band of the Bollinger Bands (4484) and is approaching the lower band (4334). This indicates that short-term market sentiment is weak, with bears in control, and there may be another wave of decline.
Key point analysis:
Bollinger Bands signal: The price has fallen below the middle band, indicating a weakening short-term trend, but if it can stabilize near the lower band (around 4334), a rebound may occur.
Volume observation: The current decline is not significant (-1.17%), and if it is accompanied by shrinking trading volume, it indicates that selling pressure is not heavy and may just be a short-term adjustment.
Market sentiment: The Federal Reserve tightening regulation on crypto banks may cause some funds to wait and see in the short term, but in the long run, compliance is actually a positive for mainstream coins like ETH.
Today's trading advice:
Short-term traders: If ETH stabilizes in the 4330-4350 range, consider light positions to bet on a rebound; however, if it directly breaks below 4300, it may further decline to 4200.
Long-term holders: Don't worry too much, the fundamentals of ETH (such as Layer 2 ecosystem and ETF expectations) remain strong, and short-term fluctuations do not affect the long-term trend.
Summary: Today ETH is weak, but there is support below, and the market is waiting for new catalysts (such as macro policies or changes in on-chain data). Be cautious in the short term, but remain optimistic in the long term! For trading advice, please see the homepage introduction.
