I. Key Positions and Trend Judgment

Tonight, it is crucial to focus on the performance of the 4-hour candlestick at the 1795 level, as this point is the watershed for the short-term bull and bear trend:

1. Conditions for Upward Movement: If the 4-hour closing price holds above 1795, it indicates that the bulls are in control, and the market is likely to continue its rebound rhythm. Upper resistance levels can be referenced:

- First Resistance Level: 1830 (the upper end of the recent volatility range; a breakout may open up short-term upward space);

- Second Resistance Level: 1856 (pressure from the 50-day moving average on the daily chart; a breakout requires volume support);

- Strong Resistance Level: 1881 (the resistance line connecting mid-March highs; a breakout may point to higher targets).

2. Risks of Pullback: If the 4-hour closing fails to hold above 1795, precautions should be taken against a market reversal to the downside, with lower support levels being:

- First Support Level: 1751 (near the intraday low, a short-term psychological barrier for bulls and bears);

- Second Support Level: 1721 (the middle band of the Bollinger Bands on the 4-hour chart; technical buying may intervene);

- Strong Support Level: 1695 (support from the weekly uptrend line; a break below may trigger further adjustments).

II. Operational Strategy Recommendations

- Aggressive Approach: If holding above 1795, a light position can be taken long, targeting 1830 and 1856, with a stop loss set below 1795; if breaking below 1795, a short position can be taken for a target down to 1751 and 1721, with a stop loss set above 1795.

- Conservative Approach: Wait for clear breakout signals (such as a strong volume holding above resistance or breaking below support), avoid frequent trading near key positions, and focus on changes in trading volume and market sentiment.

III. Summary

The short-term market revolves around 1795 for a tug-of-war between bulls and bears. The closing price on the 4-hour chart is the key signal for direction judgment. A breakout above multiple resistance levels is needed to confirm strength, while a pullback requires observing the strength of support levels. It is recommended to remain cautious, control position risks, and avoid chasing prices or panic selling. Operations should be flexibly adjusted according to real-time trends.$ETH #以太坊走势