Saturday Afternoon — ETH Jingyi’s Thoughts



From the 4-hour timeframe, the short-term rebound has little strength. Only by holding above 1690 can it follow Bitcoin’s rise; if it breaks below 1652, it will test the key 1600 level downward. Overall, it will move mainly in tandem with BTC, and its independent trend is relatively weak.

KDJ is clearly turning downward. The K line is crossing below the D line, forming a weak “death cross” expectation. The short-term weakness is more evident than BTC, and bullish strength is insufficient. The MACD red histogram remains slightly positive and keeps a weak golden cross, but the difference is extremely small—bullish momentum is very weak. There is a risk at any time of turning into green bars and weakening. The price action is completely dependent on Bitcoin.

Key resistance: 1690-1720
Key support: 1652-1600 integer levels

Currently, it is in a ranging box. The main approach is to buy low and sell high. When resistance levels are under pressure, you can take short positions; when support levels stabilize, you can consider short-term long positions. Defense is built in.

 
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ETH-0.54%
BTC-0.12%
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