10.18 Warm Evening Midday Ethereum (ETH) Trading Strategy

Core view: The short-term trend is bearish, and it is recommended to short on rallies.

1. Technical Analysis

1. Overall trend:
· The technical patterns of Ethereum and Bitcoin (BTC) are highly synchronized on the 4-hour cycle, with an overall weak trend.
· The rebound after the previous decline is weak, and the market has not shown strong buying support, lacking clear reversal signals for an upward trend.
2. Key Indicators:
· Bollinger Bands: The price is running below the middle band of the Bollinger Bands, and the upper band is sloping downwards, indicating that it is currently in a bearish-dominated downward channel, with significant pressure from above.
· MACD: The indicator has failed to form an effective golden cross, with the fast and slow lines still hovering near or below the zero axis, showing weak momentum and facing technical resistance above.
3. Key Position:
· Resistance level: The price has failed to effectively break through the key resistance area near $3915. This area is an important line of defense for the current bears.
· Support level: The primary support to pay attention to below is the 3795 - 3755 USD range.

2. Trading Strategy

· Direction: Bearish
· Entry range: 3890 - 3915 USD
· Target profit range: 3795 - 3755 USD
· Risk Control: It is recommended to set a stop loss at a suitable position above the entry point, such as above $3935 or $3950, to control potential losses that may arise if the market unexpectedly breaks upward.

III. Summary

Overall, the technical indicators for Ethereum currently show clear bearish signs. Before the price effectively breaks through the key resistance level, the short-term strategy should focus on shorting on rallies. Patience is required to wait for the price to enter the ideal shorting zone, and strict stop-loss discipline must be enforced.
10.18 Warm Evening Midday Ethereum (ETH) Trading Strategy

Core view: The short-term trend is bearish, it is recommended to short on rallies.

1. Technical Analysis

1. Overall trend:
· Ethereum and Bitcoin (BTC) have highly synchronized technical patterns on the 4-hour cycle, with an overall weak trend.
· The rebound after the previous decline is weak, and the market has not shown strong buying support, lacking clear reversal signals for an upward trend.
2. Key Indicators:
· Bollinger Bands: The price is running below the middle band of the Bollinger Bands, and the upper band is sloping downwards, indicating that it is currently in a bearish-dominated downward channel, with significant pressure from above.
· MACD: The indicator has not formed a valid golden cross; the fast and slow lines are still hovering around or below the zero axis, with weak momentum, facing technical resistance from above.
3. Key Position:
· Resistance Level: The price has failed to effectively break through the key resistance area around $3915. This area is an important defensive line for the current bears.
· Support Level: The primary support to watch below is the 3795 - 3755 USD range.

2. Trading Strategy

· Direction: Bearish
· Entry range: 3890 - 3915 USD
· Target profit range: 3795 - 3755 USD
· Risk Control: It is recommended to set a stop-loss at a suitable position above the entry point, such as above 3935 USD or 3950 USD, to control potential losses in case the market unexpectedly breaks upward.

III. Summary

Overall, the technical indicators for Ethereum currently show clear bearish signs. Before the price effectively breaks through key resistance levels, the short-term strategy is primarily to short on rallies. In terms of operations, one must patiently wait for the price to enter the ideal shorting range and strictly adhere to stop-loss discipline.
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