Regarding the ETH four-hour candlestick chart, it presents a trend of two bearish engulfing candles covering a bullish candle, showing a continuous break below the EMA30 trendline, which is at 3615 points. The next important support level currently faced is EMA60, located at 3524 points. Although the bearish trend appears obvious and strong, there has not been a noticeable breakout in the bullish trend on the larger time frame. Additionally, the MACD indicator shows a downward contraction, with its internal DIF and DEA lines already approaching the 0 axis. Meanwhile, the candlesticks continue to explore the bottom and have reached the support level of the lower Bollinger Band, which is currently at 3570 points.
Based on the above analysis, the strategic idea is to maintain the low-buying operation strategy. When operating with short positions at high levels, a cautious attitude must be maintained. This strategy is formulated based on a comprehensive consideration of market technical indicators and in-depth observation and precise judgment of market dynamics. During the operation process, remain vigilant and follow market rules to avoid unnecessary losses. At the same time, we also note that both sides of the market are still in contention, and there may be more uncertainties in the market. Therefore, when executing trading decisions, it is essential to reconfirm one's risk tolerance and investment objectives to ensure the rationality and stability of investment behavior.
In summary, although the bearish trend appears relatively significant at present, the bullish strength at larger levels still exists. In operations, we advise investors to remain flexible and adjust strategies in a timely manner according to market dynamics to achieve optimal results. $ETH