9.11 Ethereum Market Analysis

Ethereum tested the resistance level of 4500 twice during the day, and in the evening, it reached a peak and then retreated. The one-hour chart shows an opening of the Bollinger Bands, with the naked candlestick being blocked by the upper band. The moving average has not shown a golden cross cycle, and there will be no explosive market this week. Pay attention to the resistance level of 4500 and support at 4320. The MACD shows a golden cross with decreasing volume, and the KDJ is sliding down from a high dead cross. Overall, Ethereum is approaching strong resistance, and short positions can be arranged.

Trading Suggestion: Short in batches at 4450-4480

Target: 4390-4320

Risk Control: 4500