ETH hourly chart, the trend is oscillating and slightly weak.

1. Overall Analysis

Recently, prices have shown a trend of fluctuating downward, with the current price located below the moving average, indicating a relatively obvious overall short-term weak trend. Based on indicator analysis and custom indicator trend confirmation, the following conclusions and suggestions can be drawn:

• In the short term, market momentum is relatively weak, with clear resistance and support levels in the fluctuation range set at 3941.00 and 3747.23 respectively. From the KDJ and MACD indicators, the market is still in a consolidation phase, and the likelihood of breaking through the key trend line at 3842-3807.95 in the short term is low, with slight increases in downward pressure.
• Suggestion:

1. If the market breaks through the key resistance level of 3941.00 above, you can try to follow the rebound with a light position and consider short-term trading strategies.
2. If the price breaks below the support level of 3747.23, further downside risk should be taken seriously, and it may be wise to reduce positions or set stop losses. Similarly, pay attention to whether it will test the previous low points nearby.
3. The risk of oscillation in the current range is relatively high, and it is not advisable to open positions blindly unless there is a clear change in trend signals, such as a breakout with increased volume or the formation of a significant reversal structure.
4. Short-term investors are advised to focus on buying low and selling high within the fluctuation range; medium to long-term investors can continue to stay on the sidelines, waiting for the trend to become clearer before taking action.

Note that the market's long and short forces are relatively balanced. Pay close attention to the price's response to the above support and resistance levels, and combine this with changes in external market sentiment and volume fluctuations to drive judgments on the subsequent direction.

2. Technical Analysis

• K-line pattern: The appearance of a doji may indicate a trend reversal or continuation of oscillation; key resistance level at 3941.00, and support level at 3747.23 correspond to the descending trend forming an oscillation range.

• BBI: The current BBI is stabilizing, with prices close to the BBI value, indicating a balance of bullish and bearish forces in the short-term market. Attention should be paid to the breakthrough of key support and resistance zones.

• MA: Short-term moving averages are converging, with MA60 acting as a long-term trend line approaching the current price, emphasizing the market's consolidation state. A breakout above the resistance at 3941.00 is needed to confirm a clear direction.

• KDJ: The KDJ has fallen from a high position and shows a crossover, indicating that short-term market sentiment is weakening. In the short term, be cautious of fluctuations or further declines.

• MACD: The DIF and DEA are oscillating near the zero axis, with red and green bars alternating frequently, indicating a relative balance between bullish and bearish market conditions, and the overall trend is currently unclear.

• ADX Trend Confirmation: ADX has fallen to a low and the gap between both sides is narrowing, indicating that the market trend is continuing to weaken and a directional choice may be imminent. #eth#btc