📊 ETH Spot trading suggestions



Current Price: $4120.36 💰

Technical Analysis:
RSI is around 70, indicating an overbought condition ⚠️
The price has broken through the upper Bollinger Band ($4147), and there is significant short-term pullback pressure.
The daily super trend indicator shows a bearish signal.
MFI indicator 85.5, capital inflow overheating

Operation Suggestions:
🔴 Short-term bearish: It is not recommended to chase high purchases at the current position.
Resistance level: $4146-4150 range
Support level: $4090-4100 range

Specific strategy:
1️⃣ Wait for a pullback to the $4050-4080 range to build a position in batches.
2️⃣ If it breaks below $3933, it will trigger the liquidation of $1.428 billion long positions, proceed with caution.
3️⃣ A breakout above $4186 can consider chasing long.

Risk warning: This week, there is significant pressure from token unlocks, and market volatility is increasing 📈📉
ETH2.49%
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