#ETH Analysis from the ETH/USDT 4-hour Candlestick Chart:

Trend Perspective: The price has been continuously rising from 3101.05 and is currently in an upward trend. Although there are signs of short-term pullbacks, the overall upward pattern remains unchanged. In the BOLL indicator, the price is operating above the middle track at 3574.60, with the upper track at 3756.57 being the short-term resistance level. If the upper track is broken, there is potential for further upward space and profit opportunities. In the MACD indicator, the DIF (123.57) is above the DEA (122.56), and the MACD value (1.01) is positive, indicating that the bullish strength still has a certain advantage. If it can continue to diverge upward subsequently, it will support the price's rise.
Trading Suggestions: If holding a long position, you can continue to hold and pay attention to the breakthrough of the pressure level at 3756.57. After the breakthrough, you may moderately increase your position; if you have a light position or have not entered the market, you can try to go long with a small position when the price retests the middle track at 3574.60 and confirms effective support (combined with the small cycle candlestick patterns, such as bullish engulfing, etc.). At the same time, set a stop-loss, which can be placed below the middle track by a certain margin (for example, around 3500, adjusted according to your own risk tolerance).
Risk Warning:
Overbought and pullback risk: The J value in the KDJ indicator has reached 104.76, which is clearly overbought. The K value is at 84.62 and the D value is at 74.54, both also at relatively high levels. The RSI indicator is similarly at a high level (RSI6 is 86.89). Overbought means that the short-term upward momentum may be exhausted, and there is a need for a pullback at any time. Once the indicators turn down, the price is likely to fall back, and long positions may face profit taking or even losses, which requires caution.
Risk of key support break: If the price falls below the 4-hour mid-level of 3574.60, the upward trend may be damaged, and a significant decline may follow. If the long position is entered without setting a stop-loss, the losses will continue to expand. Therefore, setting a stop-loss is particularly crucial, and the stop-loss strategy must be strictly enforced.