Brothers, I just analyzed the latest ETH market trend, and the 4-hour Candlestick reveals some interesting signals! 🔥



Let's take a look at the market - it has clearly risen compared to yesterday at 16:00. There has been a slight pullback compared to 8:00 this morning. However, a large bullish candlestick has formed. The last candlestick closed bullish. It seems the bulls are positioning.

The trading volume is somewhat interesting. In the past few hours, the trading volume has decreased. The price has also dropped accordingly. The market seems a bit quiet, as if it is in a consolidation phase. The main players seem to be waiting for a breakthrough opportunity, allowing the fluctuations to be digested slowly.

The technical aspect looks pretty good: 📊

- The MACD histogram is still negative, but getting shorter. Bearish strength may be weakening. The bulls are building momentum in the shadows.
- KDJ is hovering around the 32 area. Neither cold nor hot. Market sentiment is calm. Perhaps it is a good time to observe for a breakout.
- The volume and price are somewhat divergent. Be careful. Wait for the volume confirmation before following.

🎯 Operation Idea:

[Buy Consideration]
- First highlight: 4104.4, close to the previous platform support
- Look here again: 4248.5, if it pulls back to this point, it can test the strength of the support.

[Stop Loss Level]
- Do not exceed the long position: 4253.04, withdraw temporarily if it falls below.
- Short position not exceeding: 4502.43, if it breaks, the bearish scenario is over.

[Sell Reference]
- First look: 4484.0, which is exactly the resistance level and near the previous high, pay attention to the trading volume.
- Looking again: 4551.26, the target area after breaking and stabilizing.

📍 Key Focus:
- Support: 4236.0, if it holds, it is still consolidating.
- Resistance: 4484.0, a breakout with volume could be promising
- Reference range: 4480.03 (high) to 4274.41 (low)

It seems that the previous judgment has some validity - is the main force consolidating after washing out the positions? 🌕 Focus on two key levels: 4236.0 support and 4484.0 resistance. If the volume increases and there's a large bullish candlestick, it might really go up!

Install a compass app on your phone! Always stay on track. Just like a compass uses the Earth's magnetic field to find direction, we use technical indicators to find market trends. In this market wave, the technical analysis is your digital compass! 🧭
ETH1.51%
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