ETH Morning Observation: In the tug-of-war between bulls and bears, let's first look for a pullback before making a move.

This morning, let's briefly discuss ETH's market situation; this is just a reference, and actual operations must consider real-time conditions!

First, looking at the technical aspect, the overall direction is somewhat warm — the moving average system is definitely in a bullish arrangement, and the price is steadily above both the short-term and long-term moving averages, indicating a bullish trend. However, the problem is quite evident, the short-term momentum is lagging, and the strength is weakening. Recently, the K-line has formed a 'dark cloud cover' pattern, and those in the know understand that when this signal appears, there's a high probability of a short-term pullback. More critically, market volatility is currently very low, and trading volume hasn't kept up. Even if one wants to continue the upward trend, it feels a bit 'lackluster' and difficult to surge all at once.

Next, looking at the external environment, it is overall in a 'neither hot nor cold' state. Market sentiment is neutral, not reaching the point of greedy buying or fearful selling, and the macro pressure isn't significant, with no major events currently disrupting the market. Although there is some institutional money flowing in and minor policy support, on the other hand, concerns about a bear market haven't completely dissipated, coupled with rising unemployment expectations; these negative messages are also holding back the market from easily moving upwards. In summary, both the technical aspect and the external environment haven't provided a clear unilateral signal, so ETH is likely to continue oscillating within a range.

Finally, regarding operational thoughts, everyone can refer to this: look for action around 4740-4760, aiming for the 4800-4830 range first. But I must remind you, if the price breaks below 4710, the previous strategy needs to be adjusted quickly; don't stubbornly hold on, controlling risk is always the top priority! Wishing everyone can catch the right rhythm this morning~#ETH走势分析