$ETH First, let’s state the conclusion

🔹 Price and Moving Averages

• Current Price: $4,487, Change: -3.37%.

• EMA(7): 4,467, EMA(25): 4,441, EMA(99): 4,474

👉 The short-term moving averages are supporting the price from below, and EMA(7) > EMA(25), indicating that the short-term trend remains bullish. However, the price is hovering near EMA(99), which is a key support/resistance area.

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🔹 Technical Indicators

• RSI(6): 65.29, RSI(12): 62.25, RSI(24): 57.18

👉 All RSIs are above 50, indicating that the short-term is in a relatively strong zone, but not yet overbought (>70), suggesting there is upward momentum, but it may face pullback pressure at any time.

• MACD: DIF 15.28, DEA 8.23, Histogram +7.05

👉 MACD is still in a bullish red histogram, indicating that bullish momentum is still strengthening.

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🔹 Volume & Open Interest

• 24h Trading Volume: 8.4665 million ETH, Trading Amount: 37.8 billion USDT, the increase is quite significant.

• O.I. (Open Interest): 2.11M, funds are entering the market, and the long-short competition is intense.

👉 This usually means that there will be relatively large fluctuations in the market ahead.

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🔹 Resistance and Support

• Upper Resistance:

• 4,535 (near 24h high)

• 4,600 (round number resistance + previous high area)

• Lower Support:

• 4,440 (EMA25)

• 4,310 (24h low)

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📈 Trend Summary

Overall:

• Short-term (1h-4h): Bulls are dominant, both MACD and RSI support the continuation of the rebound.

• Medium-term (daily level): The price is oscillating near EMA99, and if it cannot stabilize above 4,500, it is very likely to fall back to confirm support.

• Operational Strategy:

• Short-term Long Position: Pay attention to the pullback support in the 4,440-4,460 range, may try to buy low, with targets looking towards 4,530-4,600.

• If it falls below 4,440, be cautious of a pullback to 4,310.

• Risk control point is suggested to be below 4,370.