ETH 4-hour period Sideways fluctuation

Conclusion: ETH is in a sideways oscillation on the 4-hour cycle, with an oscillation range of 3400-3600

Strategy Suggestions and Key Levels

Strategy 1: [Short Selling - High Throw Strategy]

• Entry Zone: 3570 USDT
• Stop Loss Price: 3600 USDT
• Target Area: 3445 USDT
• Basis of Strategy: Given that the current market is in a sideways state, the price may face resistance and fall back near the strong resistance level of 3579.75. At the same time, the decrease in trading volume and the divergence between volume and price have weakened the rebound momentum. Therefore, shorting at high levels near the resistance is a reasonable choice to align with the sideways pattern.
• Strategy Failure Scenario: If the price breaks through 3600 USDT with increased trading volume, then the strategy is invalid.

Strategy 2: [Going Long - Low Buy Strategy]

• Entry Area: 3370 USDT
• Stop Loss Price: 3340 USDT
• Target Area: 3570 USDT
• Strategy Basis: Given that the current market is in a sideways fluctuation state, the price may find support near the strong support level of 3379.6, while the candlestick pattern forms a bullish engulfing and the short-term moving averages indicate a golden cross, suggesting rebound momentum. Therefore, buying low near the support level is a reasonable choice in line with the fluctuation pattern.

Technical Analysis

• Market Status Identification: The current market is identified as "Sideways".
• Key Findings:

1. The K-line forms a bullish engulfing pattern, and a golden cross appears in the short-term moving averages, indicating that there may be rebound momentum in the market.
2. The trading volume has decreased significantly, and the divergence between volume and price has weakened the reliability of the bullish signal.
3. When the price is above the VWAP, there may be a short-term rebound; however, market sentiment and volatility indicators show a balanced sentiment, lacking clear direction.

Macroeconomic and Sentiment Analysis

• Overall Environmental Rating: The external environment is rated as "Neutral".
• Core Evidence:

1. The Fear & Greed Index shows a neutral market sentiment with no significant change in risk appetite.
2. Macroeconomic pressure is neutral, with no significant event risk.
3. The news is mixed with both bullish and bearish sentiments, resulting in a complex overall mood but without a clear direction. #eth#