This ETH pullback is just the big bull scratching an itch!

Recently, the trend of ETH is clear to seasoned traders—this is not a major drop; it's clearly a "big bull turning around to scratch an itch." After scratching, it will still confidently march upward.

Conclusion first: in the short term, ETH will likely need to dip down a bit, possibly touching below 4200, but as long as that stable upward trend line is not broken, this dip is just a "deep squat to gather strength," and after squatting, it will definitely bounce back up, no need to panic.

Let’s analyze a few indicators to get a clearer picture. The MACD on the 4-hour level has already shown a top divergence, like a short-term "beep beep" alarm, reminding us to be cautious in the short term and not to chase blindly; however, looking at the daily level, the MACD red bars are still solidly there, indicating that the overall direction hasn’t flipped at all, and the long-term upward momentum remains unchanged. Looking at the RSI, which previously surged above 80 into the "high-temperature zone," has now dropped to just above 50, akin to an athlete who just finished running 1000 meters, stopping to catch their breath and drink some water—it's far from the point of "lying down to rest," and physical reserves are still ample.

Another key signal is that the funding rate has dropped from +0.01% to -0.002% over the past couple of days, meaning the long leverage in the market has decreased significantly. This is not a bad thing; rather, it’s like "losing weight" for the market, removing excess bubbles and risks, making future movements more stable and healthier.

Based on this market situation, the operational strategy can be summed up in one sentence: be bold to catch when it dips, decisively follow when it breaks key levels; if it really drops below 4000, then accept defeat and switch tables, don’t stubbornly hold on.

In terms of views, you can lightly short near 4500-4530, initially targeting 4460-4440; but if it suddenly breaks through 4550 with volume, you must immediately reverse to go long, don’t miss the opportunity to ride the wave. In short, follow the trend and respond flexibly; after this ETH "itch" is scratched, more opportunities are still ahead! #ETH走势分析