Recently, the 4-hour price action of Ethereum (ETH) has shown signs of short-term adjustment, attracting market attention. Although the KDJ and MACD indicators have formed a death cross and are exhibiting a unilateral fall with higher trade volumes, the BOLL indicator still maintains an overall upward trend, with the middle band clearly trending upward, providing certain support for the price.

The divergence of this technical indicator may indicate that the market is about to experience a reversal. If these negative indicators can be corrected and turn bullish in the next few trading cycles, it will provide strong signal support for bullish operations. It is worth noting that although the 4-hour line is currently in a correction phase, the overall bullish pattern has not been destroyed, which provides some confidence for investors.

For investors seeking entry opportunities, closely following the price movements around the 3990 to 4410 range is crucial. If a bullish candlestick or other bullish signal candlestick patterns appear in this support area, it will further enhance the reliability of establishing long positions during the pullback.

However, investors should also keep in mind that the cryptocurrency market is highly volatile, and risk management is crucial. When considering establishing long positions, reasonable stop-loss levels should be set, and market changes should be closely monitored. At the same time, attention should also be paid to trends in larger time frames and the potential impact of external factors on the market.

Overall, although Ethereum may face some adjustment pressure in the short term, there are still potential upward opportunities from a technical perspective. Investors can consider the range of 4580 to 4650 as potential target price levels, but at the same time, they should remain vigilant and be ready to respond to market uncertainties. In this rapidly changing cryptocurrency market, it is especially important to remain calm and rational.