ETH Muxin's Viewpoint

From a technical perspective, ETH has shown some upward performance recently, but there is significant resistance above. The current price is fluctuating around 4200, and in the daily candlestick chart, the moving average system indicates some pressure. If the price cannot effectively stabilize above the short-term moving average, the short-term upward momentum is likely to be difficult to sustain. At the same time, although the MACD indicator shows that medium to long-term bullish momentum still exists, its short-term histogram is contracting, which means the upward momentum is slowing down.

From the perspective of market capital flow and sentiment, there is a significant divergence between bulls and bears in the ETH market recently. Some funds have started to choose to take profits, and the outflow of funds may exert some downward pressure on the price. Some market participants are cautious about ETH's short-term future trend, and this sentiment will somewhat influence market buying and selling behavior.

Operational suggestion: Short around 4250 - 4230, with a lower target looking towards 4150 - 4100.

It is important to note that the situation can change rapidly, and a strong breakout above 4280 requires an adjustment of strategy. Use flexibility. Be sure to closely monitor the dynamics, reasonably control risks, and flexibly adjust operating strategies based on the actual market conditions. #ETH🔥🔥🔥🔥🔥🔥