From the four-hour chart, ETH is playing a life-and-death game at the critical level of $4580. The current price of 4582.38 is close to the middle band of the Bollinger Bands (4588.92), but the MACD death cross and a -0.52% decline indicate that the bears are temporarily in control. Let me interpret the key signal for you: #ETH🔥🔥🔥🔥🔥🔥

Core Bull-Bear Dividing Line: $4580

This position is not only a psychological barrier but also a technical pivot (BBL Indicator 4577.98 coincides with the closing price). Today, three dips to 4576 were all pulled back, indicating that the bulls are firmly defending the line.

Three Major Danger Signals:

  1. MACD forms a death cross, and downward momentum continues to accumulate

  2. Closing price falls below the Bollinger middle band 4588.92, short-term trend weakens

  3. Amplitude is only 1.03%, indicating strong market wait-and-see sentiment

Key Support and Resistance:

Upper Resistance: 4623 (Today's High), 4850 (Bollinger Upper Band)

Lower Support: 4577 (BBL Indicator), 4327 (Bollinger Lower Band)

Tonight's Operation Strategy:

Bullish Defense: Firmly defend the 4577 line, breaking it will test 4450

Short Pressure: 4623 forms short-term resistance, must break to strengthen

Consolidation Range: 4577-4623 (Sell High, Buy Low)

Specific Suggestions:

Long Position Strategy: Lightly test long in the 4560-4570 range, stop loss at 4550

Short Position Strategy: Test short in the 4610-4620 range, stop loss at 4635

Conservative Approach: Wait for clear direction before following up

Special Reminder:

  1. Focus on changes in trading volume after the opening of the US stock market (8:30 PM Beijing time)

  2. If it effectively breaks below 4577 and does not recover in half an hour, it may accelerate down to 4450

  3. Current volatility is extremely low, need to guard against false breakout traps (especially beware of upper and lower pin bars)