Ethereum's trend is strong, rising from a low of 4465 in the morning, reaching a daily high of 4633, and then coming under pressure to fall back to around 4555.
On the four-hour level, the K-line previously showed a stair-step upward movement, but after coming under pressure near the high point today, the trend has turned bearish, with consecutive closing of red candles; on the one-hour level, it is in a range-bound oscillation, but the price is gradually approaching the middle track of the range. The MACD indicator shows that the DIF and DEA are opening downward, indicating that short-term momentum is weakening.
It is recommended to go long near 4450 for Ethereum, with targets of 4600 and 4700.
