ETH/USDT Perptual Futures Technical Analysis (15-minute Candlestick)

Current market status

- Price: 4,158.14 USDT (24-hour change -0.12%)
- 24-hour range: Low point not clearly shown, high point 4,243.62 USDT (near Fibonacci 0.618 resistance level)
- Trading Volume: 127.09M USDT (sufficient liquidity)
- Moving Average System:
- MA5 (4,146.67) < MA10 (4,154.71) < MA20 (4,170.57), the short-term moving averages are in a bearish arrangement, and the price is below MA20, showing significant pressure.

Key Technical Position Analysis

1. Fibonacci Retracement (drawn from recent highs and lows)
- Resistance level:
- 0.618 level (4,241.93): basically coincides with the 24-hour high of 4,243.62, which is a strong resistance.
- Position 0.5 (4,227.29): Secondary Resistance.
- Support Level:
- 0.382 position (4,212.64): Recent fluctuation midline.
Position (4,188.93): Key support, if broken may accelerate the downward movement.
2. Moving Average Resistance:
- MA20 (4,170.57) has become the recent dynamic resistance, and a breakout with increased volume is needed to alleviate the short-term downtrend.

Operation Suggestions

1. Bear Trend Continuation Signal:
- The price is below the moving average and MA5 has crossed below MA10. If it rebounds and faces resistance in the 4,170-4,210 range, a light short position can be attempted, with a stop loss set above 4,250 and a target looking below 4,150.
2. Bullish Counterattack Conditions:
- If the price breaks through MA20 (4,170) with volume and stabilizes at the 0.382 position (4,212.64), a short-term long position can be considered towards the 0.5 resistance (4,227).
3. Key Risk Control Points:
- Breaking below support (4,188.93) requires caution for accelerated decline, and downward space may open up.

Risk Warning

- The 15-minute Candlestick shows significant fluctuations, and it is necessary to confirm the direction with the 1-hour/4-hour trend.
- The current trading volume is moderate; a breakthrough requires an increase in volume.
- Strict stop-loss, avoid holding positions (it is recommended that the stop-loss range does not exceed 1%).

(Note: The analysis is based on publicly available technical indicators and does not constitute investment advice.)