ETH 4-hour overall analysis

Recently, the price has been oscillating and consolidating, remaining near the middle band of the Bollinger Bands. From the price pattern and indicator signals, the current market has not yet明确方向, and is in a state of shrinking volume oscillation.
In the short term, prices may continue to oscillate within a range, but attention should be paid to the breakout situation of the Bollinger Bands' upper and lower bands. If the price breaks below the lower band (2486.28), it may further test lower support; if it breaks above the upper band (2579.53), a short-term rebound may be expected. From the K-line patterns of the top divergence and the engulfing line, the downside risk is limited to the short term, and there may be a possibility of stabilizing and rebounding later.
In the medium term, the market as a whole is waiting for directional choice. The shortening of the MACD momentum and the narrowing of the Bollinger Bands indicate limited short-term volatility. It is recommended to continue paying attention to key levels (the previous high of 2878.00 as resistance above, and 2500 as support below). If the price continues to fail to break through the key range, the oscillation pattern may continue.
Operation Suggestions:
Short-term traders: Look for high sell-low buy opportunities near the upper and lower bands of the Bollinger Bands, paying special attention to the effectiveness of the support at the lower band (2486.28) and whether the breakthrough of the resistance at the upper band (2579.53) is valid. Use signals from customized indicators to follow the trend based on short-term "short" and "long" indications, and decisively take profits or cut losses when approaching support and resistance levels.
Medium to long-term traders: It is advised to patiently observe the direction of trend breaks. The current range oscillation has not formed a significant trend, so be cautious when entering the market. Before a clear trend reversal is evident, one should remain on the sidelines or operate with a light position.
Key to Risk Control: For short-term trading, set stop-loss points at the support level of 2500 and the resistance level of 2600 to ensure manageable risk; for medium-term investors, the Bollinger midline at 2532.90 can be used as a reference for the profit and loss break-even line.

Overall, the market is relatively stable with some short-term contrarian trading opportunities. It is recommended that short-term investors pay attention to indicator signals and respond flexibly to the fluctuations within the range; medium to long-term investors should remain cautious and wait for the trend to become clearer before getting involved in positioning.
Technical Analysis
K-line patterns: Recently, a "top doji" has appeared (indicating a balance of bullish and bearish forces, warning of peak risk) and a "double bottom test" (showing strong support below). Combined with the position, the likelihood of market fluctuations is relatively high.
BOLL: The Bollinger Bands are currently narrowing, and the market is oscillating near the middle band. The short-term trend direction is unclear, and the bulls and bears are in a state of stalemate.
MACD: The DIF and DEA lines are close to the zero axis, indicating that bullish and bearish momentum is weakening, with no obvious golden cross or death cross present, suggesting that the market is in a consolidation zone.
Follow the major trend and go against the minor trend for short-term trading: Use the "short" and "long" signals of the wave segments for short-term operations, effectively marking high and low points, suitable for range oscillation trading logic.
Potential buy and sell points
Buying point: 2500 USDT (close to recent support level, a rebound opportunity may form near the middle of the Bollinger Bands contraction)
Long stop loss point: 2470 USDT (if it breaks the minor trend support level, confirming the trend reversal, then stop loss)
Sell point: 2600 USDT (near recent highs and the upper Bollinger Band, may form a strong resistance area, selling pressure may occur)
Short selling stop loss point: 2635 USDT (Breaking above the recent high and the upper Bollinger Band will confirm the short-term bullish trend in the market)

This interpretation is for reference only.