ETH 4-hour Chart Analysis

1. Technical Analysis

Ethereum surged to the 4956 level before quickly retreating, currently around 4629.

From the BOLL perspective, the middle track is at 4680, and the current price has fallen below the middle track, indicating short-term weakness. The lower track support is around 4336.

The MACD red bars continue to shorten and turn green, with DIF crossing below DEA, indicating weakened momentum and enhanced bearish signals.

The K-line shows a significant long black candle, indicating clear signs of capital outflow.

2. News Analysis

The Federal Reserve's interest rate cut expectations are fluctuating, leading to a contraction in short-term market risk appetite.

The market (BTC) is also under pressure at high levels, with Ethereum following the downward trend.

3. Key Levels

Support Level: 4500 (psychological level) → 4330 (BOLL lower track)

Resistance Level: 4680 (BOLL middle track) → 4800 (previous volatility zone)

Operational Suggestions

Short-term Strategy: If the price stabilizes in the 4500–4550 range, consider trying a light long position, targeting 4680–4720.

If it breaks below 4500, the bearish trend continues, looking down to the 4330–4360 range.

Upper resistance: 4680 is key; bulls must effectively hold above this level to attempt a rebound towards the 4800–4900 range.

Point Reference:

Long Position Focus: Enter at 4500–4550, stop loss at 4450, target 4680/4720

Short Position Focus: Short near 4680 if faced with resistance, stop loss at 4730, target 4550/4330