Some analysis and suggestions on the four-hour short-term of Ethereum in the evening of Yecao Community:

Current market situation•

Price range: Ethereum's price fluctuated between $3,600 and $3,700 in the past 24 hours.

• Market sentiment: The market sentiment towards Ethereum is relatively optimistic at present, and the market sentiment index has reached a high level. When it is very optimistic, it will often retreat.

Technical analysis

•Support and resistance level:

The current support level of Ethereum is around $3,400, while the resistance level is at $3,700 and $3,800.

•Trend line and moving average:

On the four-hour chart, Ethereum is currently in an upward trend. Although there is a small correction, the correction is not large.

If the price cannot stabilize above the 7-day line, it may continue to pull back.

•Technical indicators:

The MACD indicator shows that there is no obvious trend in the current market trend. The bar chart continues to be positive but gradually becomes shorter, indicating that the bullish force has weakened.

Trading strategy

• Buying opportunity: If the price pulls back to around $3,400 and there are signs of rebound, you can consider buying.

• Selling time: If the price breaks through $3,700 and continues to rise, you can consider selling when it approaches $3,800.

Risk warning

• Market volatility: The cryptocurrency market is highly volatile. Investors are advised to invest according to their own risk tolerance and set a reasonable stop loss point.

Please note that the above analysis is for reference only. Investment is risky and you need to be cautious when entering the market.