Ethereum's weekly update today shows that from the weekly technical indicators, the KDJ indicator is showing a death cross and is continuously oscillating downwards. The MACD indicator has also crossed downwards. Although the BOLL indicator's overall band remains in an upward state, both the MA5 and MA10 moving averages are currently in a state of oscillating decline. The bottom support is focused around the MA30 moving average, which is near 3830-3780.

From the 4-hour technical indicators, although the KDJ and MACD indicators have slightly turned upwards, the overall trend still maintains a downward oscillation, with signs of continued opening at the lower band. Although the MA5 and MA10 moving averages have shown slight upward turns, the short-term MA30 moving average is still in a continuous downward trend. Currently, as long as the price cannot break through the upper resistance level of the MA30 moving average, it is highly likely that the price will continue to decline.

Finally, I personally expect that Ethereum's price this evening will likely trend towards a downward oscillation. It now depends on which side, the upper resistance or the bottom support, will be effectively broken first, as this will determine the overall direction for October.

Ethereum: Short in batches around 4050-4090, Stop Loss: 4148, Target: 3950-3900

Bitcoin: Short in batches around 111000-111600, Stop Loss: 112500, Target: 109000

The above is my personal market analysis for the evening, for reference only. Please refer to real-time guidance for specifics.

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