Waves in the Currency Sea: 9.7 Analysis Reference: Ethereum (ETH) Market Analysis Reference:

Ethereum is currently priced at 2485, currently in a high position adjustment phase after a surge, with the price pulling back from the peak of 2565. The Bollinger Bands are closing, with the upper band forming resistance, and the currency price is falling close to the middle band of the Bollinger Bands, touching the EMA short-term moving average. The MACD indicator shows that the DIF has crossed below the DEA, significantly reducing bullish momentum; the KDJ indicator shows that the J line is turning down from a high position, and the RSI is gradually falling. Overall, the large-scale rebound structure on the daily chart still remains, but the upward momentum is exhausted, with strong resistance between 2565-2575 above and key support at EMA20 around 2383 below. If this position is held, the market will maintain a high-level adjustment; if it effectively breaks down, a deep retracement will begin.

The short-term 4-hour chart shows a weak adjustment pattern, with the currency price repeatedly fluctuating in the range of 2435-2550 but gradually shifting downwards. After the Bollinger Bands close, there is a sign of opening downwards. The EMA short to medium-term moving average system is nearing convergence, the MACD indicator shows signs of a death cross with the fast and slow lines, and the histogram is continuously narrowing, which could break the zero axis and enter the bearish zone at any moment. The KDJ is running downwards and forming a death cross, and the RSI is maintaining a neutral to weak range, lacking short-term rebound momentum. There are no stabilizing signals on the 4-hour level, heavy pressure above at 2525-2550, and support at 2435 is precarious. If this support effectively breaks down, it will lead to a new round of decline linked to the daily chart, with a focus on shorting at highs and being wary of accelerated downward risks after breakdown.

Waves in the Currency Sea: 9.7 Short-term Reference for Ethereum:

Short Position: Short in the range of 2550-2520, with a stop loss of 30 points, target at 2480-2430,

Long Position: Long in the range of 2400-2430, with a stop loss of 30 points, target at 2460-2500,

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