Sunday ETH Trend Analysis: Technical Analysis, Negative and Negative Analysis, Brother Long's Operation Suggestions

Brothers, if you are watching ETH on Sunday afternoon, you must grasp the key information in the market and don't be distracted by fluctuations.

In terms of technical indicators, you must look at both the bullish and pullback risks. The bulls still have support: the daily MACD golden cross has been diverging and is firmly above EMA30, and the previous V-shaped reversal has not been broken; the 4-hour KDJ is in a golden cross at a low level, and the pullback may stabilize and rebound. But the risks are also obvious: RSI (42) is neutral to weak, and the 4-hour chart has a long upper shadow. The selling pressure near $4888 is too heavy. It will not break through $4850 in the short term, and there is a high probability of a pullback to $4700.

The support and resistance must be remembered accurately. Support is divided into three levels: $4,700 (4-hour EMA30 moving average) in the short term; core support at $4,650-4,680, representing the lower boundary of the symmetrical triangle and the institutional lock-up cost zone; failure to hold this level could be dangerous; strong support at $4,550; a break below this could trigger a technical sell-off. Resistance is also clear: $4,800-4,850 (intraday high platform) in the short term; strong resistance at $4,888 (all-time high) and $4,900-5,000 (psychological barrier), making a breakout difficult.

Don't ignore negative factors: First, the market is overheated, with a surge in open interest in ETH options, high implied volatility risk, and the potential for large fluctuations; second, on-chain pressure, with 870,000 ETH waiting to be unstaked, may suppress price increases in the short term.

Finally, let's take a look at Long Ge's afternoon trading suggestions: Wait for ETH to rebound to around $4,800-4,840 before shorting, with an initial target of $4,760-4,700. Set a stop-loss when entering the market; the crypto market can change rapidly. #ETH