1. Trends and Structure

- Mid-term trend: The 4-hour timeframe is in a correction phase after an upward channel. Previously, a strong rally started from the low of $2,156, reaching a high of $2,419.24, completing a main upward wave. Currently, it is a normal pullback after the rise.

- Key structure: The price encountered resistance near $2,419 and fell back, forming a temporary top. It has now retraced above the middle band of the Bollinger Bands ($2,279.93), indicating a strong correction that has not broken the mid-term upward structure.

2. Bollinger Band (BOLL) signals

- The price pulled back from near the upper band ($2,429.63), a normal correction after overbought conditions. The current price is above the middle band, indicating the bullish trend remains, and the correction is healthy.

- The lower band at $2,130.23 is a strong support level. If the pullback does not fall below this level, the mid-term upward trend will continue; if it breaks below, the trend weakens.

3. Buy/Sell signals (B/S markers)

- Previously, a dense cluster of B (buy) signals appeared near $2,156, marking the start of this rally, with high signal validity.

- An S (sell) signal appeared near the high of $2,419, accurately indicating the top. The current price is in the pullback zone after the S signal, short-term bearish, mid-term bullish.

4. Volume confirmation

- During the rally phase, volume significantly increased, with healthy price-volume coordination, indicating upward movement driven by funds.

- Operation: Buy the dip in batches around $2,300-$2,320, stop loss at $2,270, target $2,380-$2,400.

- Logic: After the US stock market opened lower, strong continuation support limited ETH's pullback space. Low-cost long positions are the most advantageous. $ETH