#ETH🔥🔥🔥🔥🔥🔥

Night ETH Market Analysis and Trading Strategy

Hourly Chart Characteristics:

After a price surge, a significant pullback occurred, breaking below the Bollinger Band middle line and continuing to approach the lower band; the RSI indicator is oscillating in the low range, indicating weak short-term momentum; although the MACD green bars are shortening, they remain in the negative region, with overall bearish strength dominating.

Trend Judgment:

The short-term trend leans towards downward adjustment. If the lower band support holds, the price may experience a brief stabilization; once the support is breached, the adjustment range may further expand.

Trading Ideas:

- For Holders: You may take the opportunity of a rebound to gradually reduce positions, timely locking in remaining profits to avoid profit giving back due to market fluctuations.

- For Non-Entrants: It is recommended to remain on the sidelines, waiting for the price to form a stabilization signal at key support levels, and for various indicators to complete their recovery before assessing the subsequent direction based on market conditions.

Risk Warning:

Night market volatility is usually large; it is essential to strictly set stop-losses when trading, reasonably control positions, and guard against risks brought by sudden market movements.

Specific Trading Suggestions:

Consider entering short positions upon a rebound to the 4370-4380 range, with a stop-loss set at 4450, targeting 4200, and paying attention to maintaining position control within reasonable limits.