Midday Analysis of the Second Candle$ETH

✅ Do not chase near the current price; wait for a pullback to the 2325-2335 zone to lightly go long, target 2345-2350, stop loss below 2310.
✅ Short position: If the rebound to 2350-2360 encounters resistance and fails to break through, try again; target 2330-2325, stop loss above 2370.
15-minute
Current price 2343, just touching the upper band of the Bollinger Bands at 2343.15, short-term overbought signals are obvious (RSI1=72.69, KDJ J=97.44), a pullback is needed.
Support below: middle Bollinger band 2327, lower band 2312; resistance above: 2345-2350 zone.
Conclusion: Short-term avoid chasing longs; wait for a pullback to the 2325-2335 zone to look for low buy opportunities.
1-hour
Price broke below the middle Bollinger band at 2345.62, currently oscillating weakly below the middle band, Bollinger Bands are narrowing.
RSI1=60.97, bullish momentum is waning; KDJ is in a neutral to slightly bullish zone, no death cross formed yet.
Conclusion: 1-hour level is mainly oscillating, with strong resistance at 2383 (upper Bollinger band), support at 2307 (lower Bollinger band); no strong rebound until the middle band is broken.
4-hour
Price retraced below the middle Bollinger band at 2362, currently moving between the middle and lower bands, with the upper band at 2402 as a strong resistance.
RSI1=44.44, in a neutral zone; KDJ shows signs of turning upward, indicating a possible rebound correction.
Conclusion: 4-hour level remains oscillating and weak, with key support at 2323 (lower Bollinger band); if not broken, maintain range oscillation; if broken, look toward the 2300-2280 zone.
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