10.4 Ethereum Market Analysis

Ethereum surged to 4590 last night but fell back under the resistance at 4600. The one-hour naked candlestick opened and formed an inverted hammer, signaling a reversal. Today, Ethereum is expected to primarily decline, with short-term resistance at 4550 and support at 4450. The attached MACD shows a dead cross with sufficient space for expansion. Overall, the bearish trend for Ethereum is clear, and it is recommended to follow the trend.

Operation Suggestion: Short in batches at 4530-4550

Target: 4460～4400

Risk Control: 4570