$ETH

Four-hour chart, below is market analysis and short-term strategy:

Current ETH price is $3,712.51, down 2.90% for the day.

• 24-hour high: $3,955.13

• 24-hour low: $3,509.00

• Key moving averages:

• MA(7)=$3,820.43 (short-term resistance)

• MA(25)=$3,935.24 (medium-term resistance)

• MA(99)=$3,673.52 (long-term support)

From the chart, ETH has significantly retraced after the high of $4,087.73, currently running below both MA(7) and MA(25) moving averages, indicating a weak short-term trend, but is receiving some support near MA(99). The MACD indicator shows a death cross between DIF and DEA trending downwards, with green bars continuing to expand, indicating bearish dominance.

Support and resistance levels

• First support level: $3,673 (MA(99) support level)

• Second support level: $3,509 (24-hour low)

• Third support level: $3,378 (previous low)

• First resistance level: $3,820 (MA(7) short-term resistance)

• Second resistance level: $3,935 (MA(25) medium-term resistance)

• Third resistance level: $4,087 (recent high)

Short-term trading strategy

Long position strategy:

• Entry point: near $3,673

• Take profit target: $3,820

• Stop loss position: $3,600

Short position strategy:

• Entry point: near $3,820

• Take profit target: $3,673

• Stop loss position: $3,880

If ETH stabilizes at the support level of $3,673, it may rebound to the resistance level of $3,820; if it breaks through, there may be a chance to challenge $3,935 or even $4,087; if it falls below $3,673, it may further test the $3,509 or even $3,378 regions.

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