ETH Four-Hour Analysis

Short-term Strategy:

Consider buying in batches on a pullback to the 4480–4500 range, with a stop loss below 4420.

The initial target above is set at 4650–4700; if a breakout with volume occurs, it could extend to 4850–4900.

Risk Control:

If it drops below 4450, it is recommended to stop loss and wait for stabilization again.

During the intraday rise to around 4700, consider taking partial profits to prevent a pullback.

1. Price Structure

Current price is 4592, showing a significant rebound from the previous low of 4060.

Upper resistance is in the 4645–4700 range (previous high + Bollinger Band middle line suppression).

Lower support is focused on the 4450–4480 range; if broken, it may retest 4320–4350.

2. Indicator Situation

Bollinger Bands: Price has returned to near the middle line (4609), with the upper band at 4892, indicating still upward potential, but the middle line presents resistance.

MACD: After the green bars shorten, it turns red, showing a rebound in momentum, but DIF remains below DEA, indicating the rebound is more corrective, and the trend has not completely reversed.

Trading Volume: Recent rebound volume has decreased, showing average willingness for funds to chase higher prices.

3. News Aspect

Ethereum has recently been boosted by interest rate cut expectations and fund inflows, overall positive, but the market is volatile, and the risk for chasing higher prices remains.

If BTC stabilizes, ETH is expected to continue strengthening; otherwise, it may follow a pullback.