ETH Four Hour Analysis

ETH has dropped approximately -5.6% intraday, with heavy selling volume and a net outflow of over 160 million dollars. From the 4-hour level:

Technical Analysis: The candlestick has broken below the middle band of the Bollinger Bands and touched near the lower band, indicating a clear short-term weakness; the MACD bearish bars continue to expand, and the moving averages are in a death cross, suggesting there is still room for a short-term decline.

News: The uncertainty regarding the Federal Reserve's interest rate cut pace, combined with pressure on the overall market, has decreased overall risk appetite, leading to capital flowing back into safe assets, which has put pressure on ETH.

Support and Resistance: Key support below is seen in the 4300–4280 range; if it breaks below, it may further test 4100; initial resistance above is in the 4450–4500 range, with strong resistance still at the 4600 level.

Trading Suggestions:

If it stabilizes above 4300 in the short term, consider buying on dips to bet on a rebound, targeting 4450–4500; if it breaks below 4280, maintain a wait-and-see approach and look to position near 4100.