Conclusion: ETH 4-hour period is in a sideways consolidation, with a range of 3400-3600.

Strategy Recommendations and Key Levels

Strategy One: [Short - Sell High Strategy]

  • Entry Area: 3570 USDT

  • Stop-loss price level: 3600 USDT

  • Target Area: 3445 USDT

  • Strategy Basis: Given that the current market is in a range-bound state, the price near the strong resistance level of 3579.75 may encounter resistance and fall back. Additionally, the decrease in volume and the divergence between volume and price weaken rebound momentum. Therefore, selling high near the resistance level is a reasonable choice in accordance with the consolidation pattern.

  • Strategy Failure Scenario: If the price breaks above 3600 USDT accompanied by increased trading volume, the strategy will fail.

Strategy Two: [Long - Buy Low Strategy]

  • Entry Area: 3370 USDT

  • Stop-loss price level: 3340 USDT

  • Target Area: 3570 USDT

  • Strategy Basis: Given that the current market is in a range-bound state, the price near the strong support level of 3379.6 may find support. Meanwhile, the candlestick has formed a bullish engulfing pattern and the golden cross of short-term moving averages suggests rebound momentum. Therefore, buying low near the support level is a reasonable choice in accordance with the consolidation pattern.

Technical Diagnosis

  • Market state identification: The current market is identified as 'range consolidation'.

  • Key Findings:

    1. The candlestick has formed a bullish engulfing pattern, and the short-term moving averages have shown a golden cross, indicating that there may be rebound momentum in the market.

    2. Volume has significantly decreased, and the divergence between volume and price weakens the reliability of the bullish signal.

    3. Price is above VWAP, and there may be a rebound in the short term, but market sentiment and volatility indicators show balanced sentiment, lacking clear direction.

Macroeconomic and Sentiment Diagnosis

  • Overall Environment Rating: The external environment is generally rated as 'neutral'.

  • Core Evidence:

    1. The Fear & Greed Index shows neutral market sentiment, with no significant change in risk appetite.

    2. Macroeconomic pressure is neutral, with no major event risk.

    3. News sentiment is mixed, overall sentiment is complex but lacks clear direction.