Friends, let's take a look at the midday situation of ETH. Overall, the short-term market is not very strong and is still leaning towards a weak and volatile path.
First, looking at the 4-hour level, there's a small detail: the MACD indicator seems to be forming a golden cross, but it hasn't fully confirmed yet, just like a person standing at the door without stepping in, we still need to wait and see if it will happen. More importantly, the trading volume has been shrinking, which indicates that there isn't much capital willing to enter the market to push prices up, so the strength of a rebound will naturally be limited, and relying on it to surge suddenly is quite challenging.
Next, switching to the 30-minute level, the RSI (14) indicator is close to the edge of the oversold zone, not far from 30. However, there hasn't been a bottom divergence yet, meaning that even if there might be a slight rebound in the short term, it's unlikely to reverse the current bearish trend, and it's more probable that it will continue to fluctuate within the range.
As for the trading strategy, consider shorting around 4350-4330, looking down towards 4260-4200.
If it breaks above 4400, then the previous strategy needs to be adjusted quickly; don't hold on stubbornly, being flexible in response is the key. #ETH🔥🔥🔥🔥🔥🔥