📊 $ETH 4h Market Analysis
Currently, ETH is fluctuating around $4460:
Moving Average Pressure
The short-term moving average (yellow line) is declining, and the price is suppressed near MA30, indicating insufficient short-term bullish strength.
The first resistance level above is in the $4550-4600 range; if it can break through with increased volume, there is a chance for the market to challenge previous highs again.
Bollinger Bands Trend
The Bollinger Bands are narrowing, and the price is hovering near the middle band, indicating that the market has entered a consolidation phase.
The support at the lower middle band is at $4420; if it fails to hold, it may retest the $4300-4320 area.
MACD Indicator
Green bars are shortening, and bearish momentum is gradually weakening, with some rebound expectations.
However, the DIF is still below the zero axis, so the trend has not completely reversed yet.
Market Rhythm
In the past two days, ETH quickly retraced from the high of $4740, and the market panic has released some pressure.
Currently, it resembles a consolidation range by the main players, patiently waiting for a direction choice.
📌 Strategy Suggestions
Short-term: Focus on the $4420-4320 support; if it stabilizes, you can try to go long with a light position, targeting first at $4550-4600.
Medium-term: Only with a strong breakout above $4600 and maintaining that level will there be a chance to push towards $4800+.
Risk Control: If it falls below $4300, decisively stop-loss to avoid heavy losses.
