Family, today let’s have a good chat about ETH price trends. Recently, market dynamics have been changing rapidly, and institutional analyses vary; let's combine multiple factors to give you a detailed explanation.
Let’s talk about the key support level. The 4300 - 4400 range has been validated multiple times as strong support. Analyst Mark Newton, who is part of Tom Lee's team, predicts that ETH will rebound near 4300. If it can break through the resistance at 4900, the target can then be set towards 5100 - 5450.
Let’s discuss the resistance levels. 4600 - 4700 is the recent dividing line for bulls and bears. If ETH can firmly hold above this position, it could potentially challenge 5200. If it breaks through 4900, which is near the historical high, it could open the way to 5300 - 5500.
From a technical perspective, the 4-hour chart shows that the downtrend is slowing down, the MACD bearish momentum is also weakening, and the RSI is now at 65, not yet in the overbought state, so there is still room for a rebound.
For friends engaged in short-term trading, you can focus on the 4300 - 4400 area, where it is more suitable to position long orders, with a stop loss set below 4160. If it breaks through 4900, you can add to your position, aiming for 5300.
For those planning to hold long-term, a pullback below 4000 would be a good opportunity. From a fundamental perspective, the target of 6000 - 8000 for ETH by 2025 still has support.
Finally, let’s discuss Hao's trading strategy for today. He plans to short around 4420 - 4455, first targeting 4370, then 4338. However, the market changes rapidly, and the above analysis and strategies are for reference only; investment should be cautious!
