After Ethereum's price reached around 4497 in the early morning, it subsequently experienced a volatile decline. Today also marks the update of the monthly line, where last month's technical indicators produced a large bullish candle, resulting in a significant technical gap for this month's monthly K line. Currently, the price is closely aligned with the upper band of the BOLL technical indicator, showing slight signs of breaking out. From the current perspective, this month's monthly line gap is relatively large, and Bitcoin next door has already shown signs of a downward trend, indicating that Ethereum is somewhat lagging behind. A strong downward sentiment may emerge this week.

From the daily technical indicators, today's KDJ and MACD indicators continue to move downward, and the BOLL indicator's overall trajectory shows a significant weakening compared to yesterday's increase, with slight signs of a downturn today. Meanwhile, the MA5 and MA10 moving averages continue to oscillate downward. In the short term, the three-day moving averages are arranged in a downward trend to varying degrees. Currently, Ethereum has produced a green TD9 signal, and I personally believe that the main trend for today will still be a volatile decline.

Ethereum: Short near the 4400-4440 range with a stop loss at 4517 and a target of 4320-4260.

Bitcoin: Short in batches near the 107500-108500 range with a stop loss at 109500 and a target of 105500.

The above is my personal analysis and trading thoughts for the afternoon, for reference only. Specific points should be based on real-time guidance.

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