Today's ETH Trading Strategy:
High Short Strategy: Establish a primary short position near 4390, with an additional buy point at 4450, and stop loss if it breaks and holds above 4500.
First Take Profit: 4280
Second Take Profit: 4160
Low Long Strategy: Establish a primary long position near 4260, with an additional buy point at 4120, and stop loss if it breaks and holds below 4100.
First Take Profit: 4360
Second Take Profit: 4450
From the 4-hour chart, we are currently in a rebound after hitting the lower Bollinger Band, but we have not effectively formed a breakthrough to hold above the middle line at 4309. The Bollinger Bands are narrowing, and the middle line is moving upwards, corresponding to a price increase. The three lines of the Bollinger Bands correspond to prices 4230--4309--4388. From the 4-hour chart, bullish volume is gradually increasing, and after holding above the middle line, there may be an upward attempt towards the upper line.
The short-term MA indicators on the 4-hour chart have formed a golden cross and are trending upwards, indicating that the market is entering a bullish phase. The short-term moving averages on the hourly chart have entered a parallel phase after the golden cross, but bullish volume is starting to weaken. At this time, the market is running between the 5-day moving average and the 10-day moving average, which will lead to a period of volatile market behavior to choose a direction.
The MACD indicator on the hourly chart is in a downward phase above the 0 axis, with the fast line showing a trend of a death cross downward, and bullish volume is starting to weaken. On the 4-hour chart, it is a double upward trend below the 0 axis, with the hope of continuing upward to cross the 0 axis. Currently, it is in a parallel upward trend after a golden cross below the 0 axis, with bullish volume beginning to weaken.
The RSI indicator is in the overbought phase with corresponding values of 84.9---69.5, and currently, both lines continue to rise, indicating a volatile upward market. However, continued upward movement may also be accompanied by some downward corrections, or it may cause an acceleration in the market's upward movement.
Conclusion: Low-level sideways volatility
Resistance: 4340, 4390, 4490
Support: 4230, 4200, 4160