ETH 4-hour market analysis

Market technical interpretation

1. Bollinger Band structure
The 4-hour Bollinger middle band is 1916.05, with the current price at 1921.16 closely following the middle band position. Previously, the price surged to 1956.86, challenging the upper Bollinger band but encountered resistance and halted. The bulls show weak upward momentum, and the price oscillated and fell from the high point.
The upper Bollinger band forms strong resistance, while the middle band becomes a critical dividing line for short-term strength and weakness; once effectively broken below the middle band, the downward space will open up, with the primary target looking towards the lower Bollinger band at 1876.19.

2. Indicator signals
The KDJ indicator forms a death cross and is moving down, with bullish momentum continually declining, showing short-term pressure;
On the MACD front, DIFF has crossed below DEA, with a slight appearance of green bars, confirming adjustment signals following an upward trend, and bullish driving force significantly weakening.

3. K-line pattern
After reaching a peak of 1956.86, it was unable to refresh the high, with continuous K-lines oscillating lower and high points gradually descending. This belongs to a high-position stagnation adjustment pattern after a surge. The market is stuck in delicate tug-of-war, with bulls lacking the strength to break through previous highs.

Key price levels

✅ Resistance area
First resistance: 1935-1956.86 (previous high + resonance resistance from the upper Bollinger band), core resistance area for rebounds.

✅ Support area
Short-term support: 1916 (Bollinger middle band);
Mid-term support: 1876.19 (Bollinger lower band).

Market summary

ETH has entered a high-position stagnation adjustment period after surging high, and the bullish upward momentum is depleted.
Even if there is a slight rebound in the future, it only belongs to the corrective oscillation in the downward process, making it difficult to strongly break through previous highs again.

Public account - Bit Bear X

(Note: 📣 Due to the limited timeliness and depth of information on public platforms, the market is ever-changing, and critical turning points, precise operational strategies, sudden risk alerts, and other content need to be synchronously updated on the public account. Here you can receive: real-time strategy push, in-depth analytical support, interactive Q&A, risk warnings and optimization suggestions for personal holdings. 🚨 Remember: The market always rewards those who act faster and have more accurate information! Be a winner among the minority.)

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。