Based on the technical indicator analysis of the ETH/USDT 4-hour chart, the trend for the next few hours to a day is as follows:

Indicator Interpretation

- BOLL indicator: Bollinger Band middle track 3818.24, upper track 3900.78, lower track 3735.70. Current price 3767.88 close to the lower track, with short-term support at the lower track, but the overall Bollinger Band is in a contraction and flattening state, with a narrowing price fluctuation range.
- MACD indicator: MACD value -11.47, DIF (9.14) is below DEA (20.62), forming a death cross and the green energy bar continues, bear power is still being released, but there are signs of narrowing difference. If it continues to narrow, there may be a trend reversal signal.

Trend Analysis

- Next few hours (short-term after the 4-hour timeframe):
- Due to the MACD death cross and the price approaching the lower band, there is a high probability that the short-term price will first test the lower band support at 3735.70. If the lower band support holds, and the KDJ indicator's J value turns upward, the price may experience a rebound, with the first target for the rebound set at the Bollinger Band's middle line of 3818.24. If it can break through the middle line, further attention will be on the upper band at 3900.78.
- If the lower support fails, the price will retreat to a lower level (around the previous low of 3477.50), but based on the current indicators, the strength of the lower support is relatively strong, and the probability of a direct break is low, as KDJ is approaching oversold and requires a rebound.
- Up to one day (approximately 2 - 3 four-hour periods):
- If the price rebounds after testing the lower band, and the MACD death cross gradually converges while the KDJ golden cross forms, the price is expected to rebound to the middle band or even the upper band within a day, forming an upward oscillation trend. However, attention should be paid to the trading volume during the rebound; if the trading volume is insufficient, the rebound height will be limited, and it may encounter resistance near the middle band and fall back again, entering a range oscillation (3735.70 - 3900.78).
- If the lower support fails and the price continues to decline, it may test the previous low of 3477.50 within a day. However, this situation requires the bearish strength to continue to increase, and there must be no significant bullish support, making the probability relatively small, as the current market has a need for rebound and repair after a continuous decline.

Operation recommendations

- Short term (a few hours): If holding a long position, observe the support strength when the price tests the lower limit of 3735.70. If there is a clear signal of a stop in decline (such as a bullish engulfing candlestick or increased trading volume), you can add to your position to reduce costs, and reduce your position when it rebounds near the middle line; if holding a short position, consider taking profits after the lower limit support is effective to avoid losses from a rebound. For those without positions, you can try a small long position when the price stabilizes after a pullback to the lower limit, setting a stop loss below the lower limit (such as around 3700), or try a small short position when the rebound encounters resistance at the middle line, setting a stop loss near the upper limit.
- Medium to long term (within one day): If the price rebounds and breaks through the middle track and holds, additional long positions can be added, aiming for the upper track; if the rebound is weak and falls back again, a short position can be taken. Overall, it is essential to closely monitor changes in indicators and trading volume, as the cryptocurrency market is highly volatile. Timely adjustments to strategies and strict execution of stop-loss and take-profit orders are necessary.

At the same time, the cryptocurrency market is greatly influenced by news, so it is necessary to pay attention to relevant policies, industry dynamics, and other news to prevent sudden news from changing the market trend. #以太坊十周年