ETH Evening Observation
From a technical indicator perspective, the 15-minute MACD indicator has first conveyed positive signals, with DIF successfully crossing above DEA to form a golden cross, and the red energy bars continue to expand, indicating that short-term bullish momentum is accumulating. ETH still possesses the momentum to push upwards, and short-term attention should be maintained on the strong range.
The current value of the RSI indicator is 68.75. Although it is close to the overbought range, there are no obvious signs of fatigue, indicating that the current upward pace remains relatively healthy. However, it should be noted that if the price quickly rises and causes the RSI to break above 75, short-term overbought pressure will significantly increase, and the probability of a pullback after a high will rise sharply. At that point, it is necessary to pay close attention to changes in momentum.
Regarding the Bollinger Bands, the current band is showing a slight expansion, with prices running close to the upper band, indicating a strong channel in the short term. However, attention should be paid to the breakthrough of the key resistance level at 4661. If it fails to maintain this level with volume, the market will likely adjust back towards the middle band of the Bollinger Bands, and preparations for a pullback should be made.
In terms of strategy, Mu Xin’s view is that near 4560-4580 is a buying area, looking up towards 4640-4660. If the price breaks below the support level of 4540, it is necessary to promptly adjust the original strategy to avoid unnecessary risks due to trend reversals. Evening operations are recommended to participate with light positions and respond flexibly, while seizing short-term opportunities, always prioritizing risk control. $BTC