$ETH First, let's state the conclusion

🔹 Operation Ideas

1. Short-term trading:

• Price is fluctuating in the range of 4,600-4,555. If the trading volume decreases, a short-term long position can be attempted to bet on a rebound.

• Target: Reduce positions near 4,640 / 4,720.

• Stop loss: Below 4,540.

2. Medium-term ideas:

• Currently, the downtrend has not completely reversed, and the moving averages are clearly bearish. If 4,720 cannot be effectively broken, it remains a strategy of shorting on rebounds.

• If it subsequently falls below 4,555, it may test the support range of 4,500-4,480.

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👉 Currently, it is a weak rebound area fluctuating. It is advisable to operate with light positions and enter and exit quickly, and not to heavily chase up or panic sell.

Market Analysis

Situation:

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🔹 Price and Moving Averages

• Current price: Around 4,605 (drop of -3.43%)

• EMA(7): 4,603 (almost coinciding with the current price, short-term moving averages are pressing down)

• EMA(25): 4,642 (forming pressure above)

• EMA(99): 4,721 (stronger mid-term trend pressure)

👉 This indicates that we are currently in a short-term, phase downtrend, with prices running below the moving average system, making it easy for rebounds to face pressure.

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🔹 Technical Indicators

• RSI(6) = 45.6 (slightly stabilizing in the short term, but still weak)

• RSI(12/24) = 36.88 / 37.35 (mid-term is close to the oversold area, indicating that bearish momentum is still strong, but the downward space may be limited)

• MACD: DIF -32.79, DEA -35.56, histogram +2.76 (although still below the zero axis, the green bars are shortening → indicating signs of volume reduction, possibly entering a consolidation phase)

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🔹 Trading Volume

• 24h trading volume 8.2686 million ETH, trading amount 39.371 billion USDT → Significant decrease in volume and drop, indicating obvious capital outflow.

• However, the low point of 4,555 has already shown signs of a rebound, indicating that there are buyers stepping in below.

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🔹 Support and Resistance

• Support level: 4,555 (24h low), further support in the range of 4,520-4,500.

• Resistance level: 4,642 (EMA25), 4,720 (EMA99), and further above around 4,800.