ETH Observation: Bearish

The current ETH market can be aptly described as "lukewarm." The current price is at 4308, fluctuating between 4254 and 4406 during the day, with a calculated volatility of 3.5%. It appears to have some fluctuations, but the trading volume is quite disappointing—only 125K, which is less than 16% of the 10-day average volume, clearly indicating "volume-less decline," showing that not much capital is willing to step in, and the drop lacks confidence.

Looking at the technical side, the signals also reflect caution. On the 4-hour chart, the MACD double lines are stuck together below the zero axis, and although the green bars are shrinking, they have failed to turn red. This indicates that the momentum of the decline is somewhat weak, but the bulls also lack the ability to take over the steering wheel, and for now, no one can dominate the market direction. As for the RSI indicator, the values across three periods are all below 50, clearly placing it in the "weak but not oversold" gray area in the short term, lacking the strength to rebound and having no momentum to push upwards.

Personal Opinion

Look for support around 4330-4350, with initial support at 4270-4220.

If this area cannot hold, we must remain alert to the possibility of further declines.

Of course, the market never remains unchanged. If ETH can strongly break through 4380, it would mean that the current weak oscillation pattern could be disrupted, and previous short strategies must be adjusted promptly—don't stubbornly hold on. Being flexible in short-term trading is key. #ETH走势分析