ETH Market Analysis:
4-Hour Level: A long upper shadow tested 4375 before pulling back, clearly indicating heavy selling pressure above 4300, and bulls are encountering resistance in their upward breakthrough, with short-term upward momentum limited.
Daily Level: Three consecutive days of candlesticks with long lower shadows, forming strong support in the 4100 - 4200 range. The long lower shadow implies strong buying support during declines, and the bullish defense attitude in this range is resolute, making it an important reference area for a bottom.
MACD: At the 4-hour level, the DIF and DEA have crossed above the zero axis, but the histogram is contracting, indicating weak short-term rebound strength; at the daily level, a death cross at a high point is diverging downwards, with an overall bearish trend, caution is needed for further adjustments.
RSI: At the 1-hour level, it has oscillated multiple times in the 50 - 60 range, and the daily RSI (14) at 57.29 has not entered overbought territory, indicating neutral market sentiment, and has not yet reached extreme euphoria or panic states.
EMA: The price has fallen below the 4-hour EMA30 (4308) but has stabilized above the daily EMA7 (4311), with the 120-day moving average (4150) acting as a dividing line between bulls and bears. If it effectively breaks below the 120-day moving average, bearish forces may further release.
Buy: 4200~4250 Sell: 4350~4400 Stop Loss: 4150
The core of trading is "going with the trend + strict risk control", arranging according to signals, setting stop-loss appropriately, to stabilize the rhythm amidst fluctuations in the crypto market and capture profits!
