Based on the 4-hour K-line chart of Ethereum (ETH) shown in the figure, we will analyze today's trend and provide reasonable operational suggestions.
1. Recent Trend Review
The chart shows that ETH gradually rose from a low of 2308 in mid-October and reached a peak of 2770 on October 27. Subsequently, the price experienced a correction and is currently around 2505. Overall, ETH shows a trend of rising and falling in the short term, with increased volatility, entering an adjustment range.
2. Technical Indicator Analysis
Moving average system (MA5, MA10, MA30): The short-term moving average crosses below the long-term moving average, indicating strong bearish power in the short term and currently in a trend of oscillation downwards. Both MA5 and MA10 moving averages are turning down, indicating significant correction pressure in the short term.
Keltner Channel: The upper and lower limits of the Keltner Channel range from 2648 to 2555, with the price oscillating near the lower limit, indicating short-term support, but the overall trend is still downward.
Volatility observation: Yesterday's fluctuation range was relatively large, reaching around 150 points, with frequent short-term market fluctuations. It is advised to pay attention to risk control during operations.
3. Today's Support and Resistance Levels
First support level: 2480
Second support level: 2440
First resistance level: 2550
Second resistance level: 2600
4. Operational Suggestions
Short-term wait-and-see: Given the current bearish trend, it is recommended that short-term investors patiently wait for the performance at the 2480 support level. If the price stabilizes here, a small long position can be attempted.
Light position for long: If the price can effectively hold the support level of 2480, a small position can be tried for long, targeting 2550, with a stop loss set below 2440.
Reduce position on rebound: If the price rebounds to the 2550-2600 range, it is recommended to gradually reduce positions to avoid chasing the price. The short-term trend remains bearish, suitable for a high sell-low buy strategy.
5. Risk Management
Stop loss level: If the price falls below 2440, decisive stop loss is required to prevent risks from further declines.
Batch positioning: Given the current market volatility, it is recommended to adopt a batch positioning approach to reduce the risk exposure of a single position.
From a technical perspective, ETH currently shows a trend of oscillation and correction. If today's price can hold the support level of 2480, there may be some rebound space in the short term. It is advised to remain cautious and try a small long position. If the price continues to weaken, further downside risks need to be guarded against.
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