#ETH

Technical Analysis
First, let's take a look at the daily chart. The current market is experiencing a technical pullback after breaking through the upper Bollinger Band. It is currently above the support level corresponding to MA5 at a price of 4605, with support mainly concentrated between 4450 and 4420. On the hourly chart, it is currently in a state of oscillating decline and is about to break through the lower Bollinger Band on the hourly chart, with the market oscillating downwards.
The MA moving average indicator is currently showing a transition from a bullish to a bearish arrangement. If the short-term moving average crosses below the long-term moving average, it will form a unilateral downward trend. It is currently in a low-level sideways consolidation. If it does not stabilize above the support line MA120 corresponding to the price of 4530, it will continue to decline.
The MACD indicator on the hourly chart shows a golden cross with both lines below the zero axis, but the fast line is moving downward nearly parallel to the slow line, indicating market fluctuations.
In the normal trading phase of the RSI indicator, during the death cross downward phase, the market will experience a wave of downward correction.
Conclusion: Fluctuating decline
Resistance Levels: 4630, 4680, 4750
Support levels below: 4530, 4490, 4420
Long strategy: A long position can be established near 4520, with an additional buy at 4420, and a stop loss if it falls below 4380.
First Take Profit: 4620
Second take profit: 4680
High-altitude strategy: You can establish a short position at 4790, add to the position at 4920, and set a stop loss at 4980.
First take profit: 4700
Second Take Profit: 4630
The market this week is not expected to have significant fluctuations before Friday, with daily fluctuations estimated to be around 120 to 180 points. The Federal Reserve's interest rate decision on Friday will determine the subsequent trend, but precautions should be taken against the main players and institutions potentially exiting their short positions before key time points.