September 2, 2025, 8:46 AM

First, let's look at the one-hour K-line chart of Ethereum. The Bollinger Bands are opening downwards, and Ethereum is near the lower band, showing a unilateral downward trend, corresponding to the range of 4481~4250, with the middle band trending downwards, corresponding to a price of 4366.

Secondly, the MA moving average, the 5-day moving average, and the 10-day moving average have a downward crossing and dead cross, corresponding to prices of 4287 and 4318 respectively. The moving averages cross the medium to long-term averages from top to bottom, showing a bearish arrangement.
The 30-day moving average is declining, corresponding to a price of 4383, while the 60-day moving average is also declining, corresponding to a price of 4404. The 120-day moving average is declining, corresponding to a price of 4420, and the 360-day moving average is moving horizontally, corresponding to a price of 4454.

The MACD cross death cross shows a second wave downward trend, and there is currently a slight tendency for the line to close.
The RSI crossover golden cross is on the rise, corresponding to the value of 4929, which belongs to the normal buying and selling phase, showing a fluctuating upward trend.

Overall trend: fluctuating downward
Support level below: 4200
Strong support level below: 3931
Current trend: A rebound after a decline, followed by a drop and pullback after encountering a small resistance level, entering a consolidation phase in the sideways range of 4272--4330.
Operation: Short position 4343--4360 in the head warehouse, add position at 4400, take profit at 4280.
Long position in the 4160--4200 range, add position at 4060, take profit at 4300. #Gate 新上线 WLFI