Family, let's talk about the latest trends of ETH this afternoon, I'll arrange the key information right away!

First, let's look at the current price and daily performance. As of the time of writing, the latest price of ETH is $4311.94. The daily fluctuation has been quite significant, peaking at $4576 and dipping to $4300, with a 24-hour drop of 3.58%. The key point is that it has fallen below the important support level of $4400, so we need to keep a close eye on the situation.

Next, let's look at the key signals from a technical perspective. In terms of support levels, $4300 is the cost zone for on-chain whales, and $4250 is a psychological barrier; if these two cannot be held, we might have to explore the $4200 to $4000 range. As for resistance levels, there is pressure from the 4-hour EMA200 moving average at $4500, and $4620 is the Fibonacci 50% retracement level, so we need to pass these two hurdles to move upwards.

On the technical indicators, the 4-hour MACD death cross is still ongoing, and the trading volume has shrunk, which looks bearish in the short term. The RSI is close to the oversold zone (around 30), but there has been no bottom divergence, so if we want to rebound, the momentum is still not quite enough.

However, there are also potential positives. In the long term, Fundstrat is quite optimistic about ETH, maintaining a target price of $12000 to $15000 by the end of the year, believing it to be a good macro trading target. Additionally, if the Ethereum spot ETF can be approved in September, it might push the price to break through $6000.

Finally, let's discuss Long Ge's trading advice for today: near the current price of $4335, you can go long directly, with a stop-loss at $4290. The target is around $4385-$4465. But I must remind you, the market is full of uncertainties, and you must bear the risks yourself, so please don't be careless! #ETH