📣10/30 Evening Ethereum Market Analysis and Steady Strategy Layout✅:

Last night, due to Powell's somewhat hawkish remarks, Ethereum's daily chart price experienced a decline. However, the current trend remains somewhat weak, with multiple attempts to break above 3900 followed by pullbacks. We should now pay attention to the upcoming US stock market opening!

【Four-hour Ethereum Price Trend Analysis】

K-line Pattern:

In recent days, the K-line has shown a continuous downward trend, with the price gradually falling from a high of 4174 to around 3889, forming a clear downward channel. Between October 28 and 30, there were long upper shadows and relatively large bearish lines, indicating strong selling pressure.

Technical Indicators:

MACD: The MACD histogram remains negative and is expanding, with the fast and slow lines running below the zero axis, indicating that the short positions are dominant.

RSI: The RSI value is between 35-40, approaching the oversold area but not yet in an extreme zone, suggesting a short-term rebound may be needed.

EMA: The current price is below the EMA7, EMA30, and EMA120 lines, which are arranged in a bearish order, indicating a generally weak trend. EMA7 (3936) and EMA30 (3996) form resistance levels.

Volume:

The daily volume has recently increased, especially on October 29, reaching over 1.35 million, indicating heightened market sentiment fluctuation. During the four-hour cycle, volume significantly increased during the sharp decline, then decreased during adjustment, showing that funds are in a wait-and-see mood.

Ethereum Steady Return Strategy Layout for the Evening of 10/30: (First short, then long)

First Short: Suggest entering short positions around 3890, with target levels at 3850-3810.

Follow-up Long: Suggest entering long positions around 3800 during pullback, with target levels at 3840-3800. If the trend breaks above 3900, continue holding!

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