The 4-hour ETH trend is bearish.

1. Overall Analysis

Recent price is 3671.71, overall in a downward trend of fluctuation. The price is operating below the 7-day, 15-day, 30-day, and 60-day moving averages, forming a bearish arrangement. Various indicators show a weak market, with bearish forces dominating in the short term, posing a significant risk of further decline.

• In the short term, the downward volatility may continue, and prices may continue to test the lower support levels (3557.78, 3383.77). The short-term rebound momentum is insufficient, and the overall trend remains dominated by bears.
• In the medium term, if the price continues to stay below the moving average system, combined with the trend confirmed by ADX, the market may enter a deeper adjustment phase. MA(60) losing ground indicates that the medium-term trend is weakening.
• From a technical perspective, a staircase-like decline may occur, meaning after a weak rebound, it will continue to probe lower.
• Suggestion:
• Aggressive investors can short on rallies with a light position, paying attention to the resistance level at 3740.74, and set a stop loss.
• Conservative investors are advised to wait and see, choosing a direction only after the market trend stabilizes, and to pay attention to whether the support around 3557.78 can be effectively maintained.
• If the price further drops below 3557.78, pay attention to the performance at 3383.77; if it holds and shows a rebound signal, consider a short-long operation.

2. Technical Analysis

• Candlestick pattern: The Dark Cloud Cover appears near a key high, with recent prices experiencing fluctuations downward, possibly forming a bearish wave.

• BBI: The current price continues to operate below the BBI line, indicating a phase of market weakness, which may extend the downward trend.

• MACD: After the DIF and DEA form a death cross and continue to move downward, the green bars strengthen, and the bearish momentum dominates.

• KDJ: The K line and D line are in the oversold range, short-term momentum is insufficient, and there is no sign of a stop in the decline yet.

• MA: Multi-period moving averages are in a bearish arrangement, and the price has fallen below the 60-day moving average, indicating that the medium-term trend is beginning to weaken.

• ADX Trend Confirmation: ADX above 25, -DI dominates the market, confirming a strong downward trend. #ETH