The market has been fluctuating with overall small amplitude since the recent rise a couple of days ago, showing clear pressure above and support below. After multiple dips, it has not broken down, with support to watch at the 2340 to 2370 range below, while the recent high point around 2510 serves as resistance above. From a four-hour perspective, the Bollinger Bands are narrowing, and with the weekend approaching, the probability of a breakout is indeed low; however, caution against black swan events is still necessary.
In terms of candlestick patterns, the daily level shows recent price fluctuations within a range, with yesterday's daily candle forming a long upper shadow and closing bearish, while today has seen some recovery, indicating heavy selling pressure above. In the four-hour cycle, the last two candlesticks are bullish, but overall, it remains in a short-term consolidation phase. On the technical indicators, the four-hour cycle shows both the DIF and DEA averages trending upwards, with the histogram's positive value decreasing, indicating weakening momentum; the daily MACD has continued to expand after a golden cross below the zero line, suggesting a bullish trend, but after the recent rise, it can be viewed as a range.
Evening trading suggestion for ETH: enter short around 2460 to 2440, targeting near 2900.
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