$ETH

🔎 Current Trend Analysis

1. Price Position

• Latest Price 4618.62, down slightly from the previous chart.

• In the short term, it has broken below EMA7 (4633) and EMA25 (4627), indicating a weakening of bullish momentum.

• Key support below is at 4518 (previous low).

2. Indicator Signals

• RSI(6)=40.29, has dropped from the overbought zone, indicating a weak short-term trend with still a risk of further decline.

• MACD is still showing red bars, but the bars are shortening, and the fast and slow lines are tending to converge, showing signs of weakening.

• Trading Volume: After a surge and then a decrease in volume, indicating insufficient willingness of funds to chase higher prices.

3. K-Line Formation

• A wave of spike and retreat has occurred, and it is currently testing short-term moving average support.

• If the support at 4610~4600 does not hold, it may continue to test the 4550-4580 range.

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📈 Trading Strategy

• Short-term Long Position: It is not recommended to chase long positions now; it is better to wait for a pullback and stabilization in the 4550-4580 range before considering.

• Short-term Short Position: If 4610 cannot effectively hold, consider a light short position, targeting 4580 / 4550.

• Take Profit and Stop Loss:

• Long Position: Entry point 4560-4580, stop loss 4540, target 4630-4680

• Short Position: Entry point if it breaks below 4610, stop loss 4645, target 4580-4550

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✨ Summary:

After a short-term spike, the market has retreated, and the momentum is weakening. The current trend is a bearish consolidation.

👉 It is recommended to observe mainly, with light trading operations; a better entry point for long positions may be in the 4550-4580 range.