ETH Core Pullback: Key Support and Strategic Insights

Recently, ETH experienced a violent surge, rising from the late July low of 3354 to 4332.60 in the 4-hour timeframe, breaking through previous highs and entering a pullback phase. Combining the analysis of the 1-hour and 4-hour Bollinger Bands (BOLL, parameters 20, 2, 0), the core pullback logic and support levels are clearly revealed:

1. Bollinger Band Signals in Time Frame

- 1-hour Level:

Bollinger Band Middle Line (MID) 4238.79, Lower Line (LOW) 4162.58.

After the price surged, it fell below the middle line, currently retracting to around 4184, with 4162 becoming a strong short-term support (if it breaks effectively, further pullback should be warned).

- 4-hour Level:

Bollinger Band Middle Line (MID) 4058.64, Upper Line (UP) 4356.23.

The medium-term trend remains bullish (previously surged along the upper side of the middle line), with around 4058 being the core medium-term support (pullbacks to this area have a high probability of bullish counterattack).

2. The 'Underground' of Capital and Volume

Currently, ETH has a net inflow of -87.91 million (short-term capital outflow), but the trading volume has reached $2.531 billion (volume has not significantly shrunk), indicating that the pullback resembles a 'shakeout' rather than a trend reversal — capital is exiting during the pullback, yet there is buying support maintaining activity, and bullish momentum is still accumulating.

3. Pullback Strategy: Capture Key Support, Control Risk for Speculation

1. Low Absorption Observation Points:

- Aggressive: 1-hour lower line 4160-4170 range; if bullish candlestick patterns or KDJ golden crosses appear as stop-loss signals, light positions can be tested for long.

- Conservative: 4-hour middle line 4050-4060 range, speculating on the continuation of medium-term bullish trends.

2. Stop-Loss Settings:

Aggressive stop-loss placed below the 1-hour lower line (e.g., 4150), conservative stop-loss placed below the 4-hour middle line (e.g., 4040), strictly enforce discipline.

3. Linkage Vigilance:

BTC is currently in a sideways game (around 118,500); if BTC breaks down, the pullback magnitude of ETH may expand, and attention should be paid to the direction of Bitcoin.

Core Conclusion: The medium-term bullish trend of ETH remains intact, and the pullback is a process of digesting profit-taking. Capture the key support of the Bollinger Bands, combine with stop-loss signals to layout, while respecting the high volatility of the crypto market and controlling positions! $ETH #ETH走势分析