$ETH

Market Analysis and Short-term Strategy (4-hour Cycle)

Current Price: $3,866.32

24-hour High: $3,911.50

24-hour Low: $3,825.03

Market Analysis:

1. Moving Average System:

• MA(7): $3,871.28: Short-term moving average is pressing down, ETH price is currently hovering below the 7-day moving average.

• MA(25): $3,878.62: Mid-term moving average is flat, indicating that ETH has entered a consolidation phase in the short term.

• MA(99): $3,798.08: Long-term moving average shows an upward trend, still providing mid-term support.

Support Levels: $3,798 (99-day moving average), $3,672

Resistance Levels: $3,878 (25-day moving average), $3,911

2. MACD Indicator:

• DIF line 8.06 is slightly below DEA line 15.26, MACD histogram has turned from positive to negative, indicating weakening momentum, and the market is biased towards a weak consolidation in the short term.

• Pay attention to the intersection point of the DIF line and the zero axis; if it falls below the zero axis, the bears will gain further strength.

3. Trading Volume:

• Overall trading volume has shrunk, market trading sentiment is low, and ETH is showing a consolidation trend in the short term.

• Future attention should be paid to the volume situation, especially the breakout performance near resistance levels.

Short-term Trading Strategy:

1. Long Position Strategy:

• Entry Point: When it retraces to the **$3,820-$3,840** range, consider gradually entering long positions.

• Take Profit Levels: First target **$3,911**, second target **$3,950**, if it breaks through, look towards **$4,024**.

• Stop Loss Level: Below $3,790.

2. Short Position Strategy:

• Entry Point: If the price rebounds to near **$3,900-$3,911** and faces resistance, consider lightly entering short positions.

• Take Profit Levels: First target **$3,840**, second target **$3,798**.

• Stop Loss Level: Above $3,920.

3. Position Suggestion:

• The market is in a consolidation phase; it is recommended to control positions within **30%-40%**, waiting for a price breakout before adding positions.

ETH will consolidate in the **$3,840-$3,911 range**, and if it breaks through **$3,911**, it will further test the **$4,024 resistance level**. If trading volume continues to shrink, a pullback to **$3,798** support cannot be ruled out, but the overall mid-term trend remains solid.

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