ETH 4-Hour Chart

The ETH 4-hour chart has been in a consolidation phase for a long time. The current price is near the middle band of the Bollinger Bands, which are continuing to narrow, indicating a direction will soon be chosen. The MACD has formed a death cross, red histogram momentum is weakening, and trading volume is also decreasing, suggesting short-term bullish momentum is weak.

Short-term suggestions:

Support levels: 2410 / 2380

Resistance levels: 2465 / 2500

Operational suggestions:

If it breaks below 2410, consider taking a small short position, targeting 2380;

Aggressive traders can short at 2435.

If there is a breakout with volume above 2465, consider chasing long positions, targeting the 2500-2530 range;

Summary:

ETH is still in a consolidation pattern, lacking breakout momentum in the short term. If it cannot quickly stabilize above the upper band, the risk of a pullback is greater than the potential for upward movement. The current strategy is mainly short, waiting for the market to choose a direction.