📈 ETH breaks through 4400 USD! What should be the next steps for planning?

#ETH Ethereum #行情分析# Gate#

🔥 Current Market Overview:

· Current price: $4400.15 (24-hour increase of 1.87%, but there has been significant volatility during the day, with a drop of 0.10% at one point)
· Key Resistance: $4450 (Strong resistance zone, volume contraction, breakthrough needs volume confirmation)
· Key Support: $4330-$4300 (2-hour EMA support range, breaking below may lead to further corrections)
· Market sentiment: Short-term bullish-bearish divergence, institutional long positions hit a historical high.

📊 Technical Signal Analysis:

· Price-Volume Relationship: When prices rise but trading volume significantly shrinks, this divergence between price and volume suggests insufficient upward momentum.
· Candlestick Pattern: The 4-hour chart shows signs of a "Evening Star" (bearish reversal signal), and caution is needed for short-term pullback risks.
· Moving Average System: The daily level moving averages are still in a bullish arrangement, but the 2-hour MACD may show a top divergence, indicating a need for a pullback.

🎯 Operation Strategy Reference:

· Short-term bulls: After stabilizing at the support zone of $4330-$4300, enter with a light position to long, stop loss at $4280, target at $4400.
· Short-term bears: Short when the price rebounds to the $4450 resistance zone and the volume is insufficient, stop loss at $4500, target at $4350.
· Medium to long-term layout: If it retraces to the strong support zone of $4230-$4280, you can gradually build positions, aiming for the historical high of $4800.

⚠️ Risk Warning:

· The expectation for a rate cut by the Federal Reserve in September has increased (probability 93.7%), but the upcoming CPI data release may trigger fluctuations.
· Ethereum ETF funds have recently turned into net outflows, putting pressure on short-term liquidity.
· Strictly control stop-loss positions! Avoid high leverage operations.

Summary: ETH is experiencing short-term bearish fluctuations, with a key focus on whether $4450 can break through with volume. The medium to long-term trend remains healthy, and any pullback presents a buying opportunity!

💬 Discussion Topic: Do you think ETH will break its all-time high of $4878 next week? Share your thoughts in the comments! #ETH