📣 Monthly closing, both bulls and bears are competing. How should Ethereum operate to achieve steady returns? 💰

Currently, after a correction during the day, Ethereum has recovered from the previous fall and is gradually entering a sideways phase. The small cycle bottom divergence has been repaired, and the longer the sideways consolidation lasts, the greater the energy that can be released.

【Analysis of Ethereum Price Trend on the Four-Hour Chart】

K-line pattern:

The daily chart shows that recent prices have rebounded from the low of 3931 on October 28 to 3854, forming a slight increase, but overall still in a downtrend. On the four-hour cycle, after a sharp fall on October 30, the K-line now shows a sideways upward movement, with highs not breaking through the previous resistance level of 3873.

Technical indicators:
MACD: The four-hour MACD histogram continues to shorten, with DIF and DEA both negative but close to the zero axis, indicating weakening short positions and a possible transition into consolidation or rebound.

RSI: RSI14 is at 42.97, far from the overbought zone, suggesting that market sentiment is neutral and no strong trend signals are present.

EMA: EMA7 (3837) has started to turn upward and is close to the closing price; EMA30 (3933) and EMA120 (4010) remain downward, indicating that the main trend is still dominated by short positions.

Volume:

Daily volume has decreased significantly from 531,456 to 140,322, indicating reduced market activity and a cautious capital stance. On the four-hour cycle, volume sharply shrank to only 26,879 at 16:00 on October 31, implying a temporary stalemate between bulls and bears.

Ethereum steady return layout on the evening of 10/31:

It is recommended to enter long positions on Ethereum during pullbacks around 3830-3810, with target levels of 3820-3900. If it breaks above 3900, consider taking some profits, while holding some positions!

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