$ETH Market Analysis and Trading Suggestions

Ethereum is currently priced around 4000 USD. From recent trends, it is difficult to control the holding time for short positions in the short term. The price touched a low of 3820 USD but did not revisit that low, quickly rebounding above 3880 USD, causing short positions to only realize profits of about 50 points. With the weekly close approaching, there are less than four hours until the close, and the current K-line pattern shows a long hammer line. If the price does not drop below 4000 USD before the close, we may see more significant market fluctuations next week, with a high possibility of both long and short liquidations. A conservative strategy still suggests waiting for a bottom before choosing to go long.

Technical Indicator Analysis

- Daily K-line Range: Highest 4024 USD, Lowest 3830 USD

- EMA Trend Lines:

- EMA15 moved up to 3785 USD

- EMA30 reached 3600 USD

- MACD: Contraction state, but DIF and DEA are diverging at high levels

- Bollinger Bands: Maintaining an upward channel trend, upper band at 4100 USD, middle band at 3760 USD

Trading Suggestions

Currently, the market is focused on two key entry points:

1. First Support: 3760 USD

2. Second Support: 3600 USD

It is recommended to set price alerts and only enter long positions after confirming at the above key levels. #ETH🔥🔥🔥🔥