The evening daily line shows that bullish sentiment is significantly suppressed. In the daily time frame, the buying power finds it difficult to push prices upward continuously, and the overall trend presents a pressured pattern.
In the four-hour level, the Bollinger Bands are opening upwards, indicating increased market volatility. The K and J lines are fluctuating near the upper band, which is a signal of short-term bullish strength, showing a clear short-term upward trend.
However, there is insufficient support strength below in the recent period. The lower Bollinger Band is unable to provide effective support for price corrections, which means that the current bullish rise may only be a temporary rebound, lacking a foundation for sustained upward movement. $ETH
Suggestion: Position long-term short orders near the 1865 level, targeting 1750.