Today's ETH Trading Strategy

High Short Strategy: Establish a short position near 4390, add position at 4450, stop-loss above 4500, first take profit: 4280, second take profit: 4160

Low Long Strategy: Establish a long position near 4260, add position at 4120, stop-loss below 4100 if it breaks, first take profit: 4360, second take profit: 4450

From the 4-hour chart, currently in a pullback after rising to the upper Bollinger Band, if it stabilizes above the middle band at 4299, the market will continue to rise; otherwise, it will continue to test downwards. The Bollinger Bands are narrowing, and the middle band is parallel, corresponding to market fluctuations, with the three lines of the Bollinger Bands corresponding to prices 4255--4299--4343. From the 4-hour chart, the bullish momentum is gradually decreasing; if it breaks below the middle band, it may cause an accelerated decline in the market. The short-term MA indicators on the 4-hour chart show a parallel trend, corresponding to market fluctuations. The short-term moving averages on the hourly chart have a death cross and are about to enter a composite crossing state, with bearish momentum gradually increasing. At this time, the market is operating below the short-term moving averages, corresponding to a downward trend. The MACD indicator on the hourly chart is in a downward phase above the 0 axis, with the fast line below the 0 axis and the slow line about to cross below the 0 axis, indicating a gradual increase in bearish momentum. On the 4-hour chart, both lines are below the 0 axis, and the fast line has crossed the slow line from above, creating a death cross downward trend, with bullish momentum starting to weaken, corresponding to a decline in the market. The RSI indicator is positioned in the normal trading phase from above and below, corresponding to values 34.5---57.6, and currently, both lines continue to decline, resulting in market fluctuations and downward movement. If it continues to decline into the oversold phase, the market may experience a certain rebound or lead to an accelerated decline. Conclusion: Low-level sideways fluctuations

Resistance: 4340, 4390, 4490

Support: 4230, 4200, 4160