ETH Market Analysis:
Currently, Ethereum's price is highly volatile, with many investors taking profits near the 3700 level, leading to a decrease in the bottom position.
Investors should avoid taking profits at the peak; it is better to secure profits during a pullback. As long as the price does not break critical support levels (such as 3000 and 3300), it can be held.
Focus on the 3630 and 3530 support levels.
Daily Chart Analysis:
The daily chart shows that ETH reached a high of 3760 and a low of 3650, with the current price around 3430. The EMA15 support has not ended, and it is expected to possibly test the 3600 support.
Officially check my homepage to start your wealth journey!
The bullish trend is still present, with MACD trending upwards and the Bollinger Bands expanding, indicating that the upward momentum has not weakened.
Four-Hour Chart Analysis:
The four-hour chart shows that ETH has formed bullish flags four times in a row, with the current price hovering around 3700; however, it is not a suitable time to enter the market.
The EMA15 support is weak, and EMA30 support (around 3610) needs to be monitored; if this level is broken, consider positioning for long orders.
MACD shows a bearish divergence, indicating that the upward momentum is weakening and market risk is increasing.
Short-Term Operation Suggestions:
Operations should prioritize safety, with strict stop-loss settings to avoid risks from significant fluctuations.
Even if there are profit opportunities in the market, risk control remains key, with the goal of small losses and large gains.
