ETH Afternoon Market: Uncle Feng is Bearish, Rational Layout to Grasp the Rhythm
The afternoon ETH market has attracted market attention, and senior analyst Uncle Feng combines multi-dimensional analysis to provide a short-term bearish view — not to deny long-term value, but to remind that caution is needed against pullback risks, offering rational reference for investment decisions.
Technical Indicators Release Short-term Adjustment Signals
ETH has recently fluctuated in the range of $4200-$4700, with the daily chart showing an "inverted hammer" pattern, having fallen below the 100-day moving average. If it cannot quickly recover the resistance level of $4470, it may test the support level of $4200. It is worth noting that the 4-hour chart shows a bearish divergence, with the RSI failing to confirm a new high, indicating that bullish momentum is weakening. On-chain data shows that the cost line for short-term holders has been broken, combined with some whale addresses withdrawing ETH, which may trigger programmatic selling pressure.
Macroeconomic Environment and Sentiment Add Uncertainty
Uncle Feng's Trading Strategy Recommendations
Short-term traders: Can try short positions near 4380 with a target down to around 4300−4250
However, the cryptocurrency market is ever-changing, so be sure to implement risk control measures and set reasonable stop-losses.
