The daily basic of Ethereum continues to be bullish, with the candlestick forming an upward pattern distributed on the upper track of the Bollinger Bands. The buying and selling strength indicator RSI continues to fluctuate above the 70 value, indicating an upward trend. The KDJ indicator shows that the J line is trending above the K line, with an increasing angle after crossing the K line. Due to the strong upward trend, it is advisable to be cautious about short positions. It is recommended to enter the market in moderation after breaking the new high!

The image shows the 4-hour trend chart of ETH; the price candlestick is within the upper track of the 4-hour Bollinger Bands, forming a brief box oscillation structure, with the upper edge of the box at the pressure level of 3478 on the Bollinger Bands. Bulls need to effectively break through the resistance near 3478 to continue pushing higher. The lower edge of the box is near the mid-track at 3417, which is also a short-term support level for the bulls. If 3417 is broken during trading, it is likely that the bearish momentum will also come into play. The area near 3350 below may trigger bearish potential. Operators who are bullish during trading need to pay attention to the support at 3417 and the area near 3350 below.

As for the 4-hour basic technical indicator KDJ, the current J line is starting to angle downwards and approach the K and D lines. Correspondingly, there will be a corresponding downward trend in the intraday trend. The RSI indicator trend line is also showing a rounding arc downwards in the strong bullish area above 70, indicating a slowdown in the upward momentum. During trading, it is advisable to enter long positions cautiously after a pullback, and not to blindly chase after long positions.

In the very short-term hourly trend, there is a significant divergence in the indicators, indicating an intensified intraday oscillation in the local trend.

For short-term ETH operations, a conservative approach would be to wait for opportunities to enter long positions in the range of 3445-3425 below, with profit-taking targets set at 3478-3520.

Remember, choice is far greater than effort; destiny is only responsible for shuffling, and it is always us who play the cards. Some people see opportunities and seize them, while others see traps and fear. Just like the current market situation, seizing opportunities is the most important.

For those who like the author's ideas and want to seek advice on following the trend, please pay more attention to "Ziya's Coin Analysis."

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