The Ethereum market, which showed a one-sided upward trend earlier, has seen momentum slow down after breaking through the 4300 resistance level, slightly retreating to the 4160 level, and is currently rebounding again. The current coin price is running above 4200.

According to the current market situation, the daily level shows that the price is exhibiting a stair-step upward trend, breaking through the middle track of the Bollinger Bands. Although there have been some pullbacks from the bears, the strength has been relatively weak. The MACD indicator's fast and slow lines are turning upwards and gradually converging, indicating the potential formation of a golden cross. This suggests that the overall trend is gradually returning to the control of the bulls. The four-hour level shows a step-by-step upward movement, breaking through the upper track of the Bollinger Bands. The Bollinger Bands are opening upwards, and all indicators at this level indicate that the bulls are dominant. However, in the KDJ indicator, both the K value and the J value have entered the overbought zone, indicating a risk of a pullback in the short term. Considering the overall market movement, each time the bulls make an upward move, it is accompanied by slight pullbacks, but the strength of these pullbacks has not shown strong continuation. Therefore, in terms of operations, we will adopt a strategy of buying on dips after the pullbacks.
Operation suggestion: Buy around 4190, target 4300