#鲍威尔讲话 From a professional Technical Analysis perspective, Ethereum quickly fell back after reaching a high of 4293 and is currently hovering around the 4050 support level. The technical indicators show that the short-term moving averages have formed a short positions arrangement, and the upper band of the Bollinger Bands has begun to turn downwards. These signals indicate that the short-term trend is weakening. In terms of volume, there was no significant higher trade volumes during the pump, and there was no panic dumping during the fall; it seems more like market participants are consciously making a volume adjustment, and the buying power currently appears to be somewhat insufficient.

For ordinary investors, it is crucial to closely monitor two key price levels at this stage: the lower level at 4050 serves as the primary defense line; if it cannot be maintained, attention should be turned to the strong support level at 4000. On the upper side, it is important to note the short-term moving average resistance area near 4170, and only with higher trade volumes accompanying a breakout in this area is there a possibility of a rebound to the 4200-4250 range.

Successful trading requires not only an understanding of the objective laws of technical analysis but also the ability to grasp the subtle changes in market sentiment.

Short-term trading strategy suggests maintaining caution, considering placing short positions when rebounding to resistance levels; if the 4000 support level is broken, one can follow up with a small short position to around 3850. However, it is important to note that the fluctuations on the 15-minute timeframe are quite severe, and position sizes must be strictly controlled. It is best to combine with larger timeframes such as 1-hour and 4-hour to confirm the trend direction, avoiding interference from short-term fluctuations in trading decisions.

In the current environment of increased market volatility, the success rate of individual traders working alone may decrease, and collaborating with a professional team might enhance trading odds.

Cryptocurrencies worth keeping an eye on include: BNB COAI DOOD ZEC XPL XRP