Ethereum's current price is fluctuating around 1600, forming multiple small candlesticks, with the market in a state of indecision. A long lower shadow has appeared on the 4-hour chart, indicating strong buying support around 1570.

The MACD histogram on the 4-hour level is below the zero line, but the DIF and DEA lines show signs of convergence, suggesting a possible short-term rebound.

The 4-hour RSI is hovering around 50, not entering the overbought or oversold zones, lacking a clear direction.

The EMA price is fluctuating between EMA7 and EMA30, with the short-term moving average EMA7 showing a trend to cross above EMA30, potentially forming short-term support.

The trading volume on the 4-hour level expands during price declines, indicating significant selling pressure. The 1-hour trading volume has increased during price rebounds, but overall remains at a relatively low level.

Ethereum long strategy 1565-1580

(Support range 1575-1580, with previous lows overlapping EMA30 support, consistent with the logic of a pullback at round numbers)

Stop-loss point at 1550, if this position is broken, the upward structure is destroyed, strictly stop-loss to avoid accelerating downside risk.

Ethereum short strategy

1620-1640 (1618-1623 is the upper resistance of the rising channel and a psychological round number, with significant selling pressure)

Stop-loss point at 1655, if the price strongly breaks this position, the short-term bearish scenario is invalid, and a stop-loss must be executed.