[In-depth analysis of Ethereum’s 4-hour trend]

Price trend: Recently, the price of Ethereum has fluctuated up and down in the range of 2,300 to 2,400 US dollars, and the trend has shown a regular oscillation pattern. The surge on September 17 fell back to the high level, forming an obvious long upper shadow line, indicating that there was some selling pressure. Although the price subsequently rebounded, it still failed to break through the previous high of $2,392.62, indicating greater pressure from above.

Technical indicators:

MACD: DIF and DEA are both in negative territory, but DIF shows signs of breaking through DEA ​​upward, and a rebound may occur in the short term.

RSI: RSI14 is currently at 59.10, not far from the overbought range, and market sentiment is bullish.

EMA: The price is firmly above EMA7 ($2345.58) and gradually approaching EMA30 ($2341.65), indicating strong short-term upward momentum. However, EMA120 ($2401.41) remains an important resistance level.

Trading volume: Trading volume has increased significantly recently, especially when prices rise, showing an increased willingness for capital inflows. The trading volume at 08:00 on September 19th reached 587,601, and market activity increased significantly.

Ethereum 4-hour trend: Bullish.

【Trading Strategy】

-Buying opportunity one: $2340 (near the EMA7 support level, integer mark)

-Buying opportunity two: $2,300 (previous low support level)

-Stop loss: $2285 (to protect against the downside risk below buy point two)

-Selling opportunity one: $2,400 (close to EMA120, round number mark)

-Selling opportunity two: $2,450 (previous high near $2,463.77, may encounter selling pressure)

-Short stop loss: $2475 (to prevent false breakthroughs, set above selling point two)

This strategy combines technical analysis to help find suitable entry and exit opportunities based on the current market volatility.

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