$ETH First, let's state the conclusion

✅ Trading Strategy (Short-term focused) (in a volume contraction situation)

• Aggressive: You can try light long positions around 4610-4630, targeting 4680-4700, with a stop loss below 4580.

• Conservative: Wait for a rebound to the 4680-4700 range before considering short positions, following the overall trend, with a stop loss above 4720.

• If you already have positions, it is recommended to reduce short positions for profit-taking and to hold light long positions for a rebound; do not heavily invest.

📉 Trend Analysis

1. Moving Averages EMA

• EMA(7) < EMA(25) < EMA(99), showing a bearish arrangement, with short to medium-term trends leaning bearish.

• The candlesticks have been consistently below EMA(7), indicating insufficient rebound strength.

2. RSI Oversold

• RSI(6) = 12.67, extremely oversold;

• RSI(12) = 24.62, also close to the oversold zone.

→ The short-term decline has been too rapid, and a technical rebound could happen at any moment.

3. MACD

• DIF = -27.24, DEA = -20.24, MACD histogram is expanding, indicating that the downward momentum still exists;

• However, the values are already low, nearing a short-term bottom area.

4. Trading Volume

• Recently, several bearish candlesticks have declined with increased volume, indicating selling pressure;

• However, in this situation, if bearish momentum weakens slightly, it may trigger a short-term rebound.

5. Key Price Levels

• Just recently bottomed around 4615, temporarily stopping the decline and rebounding;

• Upper pressure is at 4650-4700;

• Lower support is seen in the 4600-4580 range.