ETH Afternoon Market Analysis and Strategy Reference

In the afternoon, pay attention to ETH dynamics. It broke through $4957 in the early morning, setting a new historical high and demonstrating strong market momentum; however, the price has since retreated and is currently around $4695, with a 24-hour decline of 2.13%. The trading volume of $27.8 billion also reflects the current market activity.

From a technical perspective, key points to note: the MACD histogram remains negative, and short-term attention should be paid to momentum recovery; the KDJ indicator is in a neutral range at 63, with no obvious extreme signals. In terms of resistance and support, the short-term upper resistance level is seen at $5073, while the critical lower support level is at $4196. It is particularly important to note that if it effectively falls below $4657, it may trigger a risk of $2.624 billion in long position liquidation, so risk control should be a priority in operations.

Combining the market signals and trend judgments, the afternoon strategy will still focus on building low long positions. It is recommended to pay attention to the 4650-4610 range for opportunities to go long, with the short-term target initially looking at 4710-4780. If it subsequently breaks through the key resistance level, it could further rise to 4880. The market is constantly changing; real trading is my forte! #ETH🔥🔥🔥🔥🔥🔥