Analysis of the technical indicators from the ETH/USDT 4-hour chart for the next few hours to a day:

Indicator Interpretation
- BOLL technical indicator: The middle track of the Bollinger Bands is 3692.75, the upper track is 3944.91, and the lower track is 3440.58. The current price of 3490.26 is close to the lower track, which has a supportive effect in the short term, while the upper track pressure is relatively far away.
- MACD technical indicator: MACD value -27.28, DIF (-74.66) below DEA (-47.38), forming a dead cross with green energy bars continuing, bearish momentum is still being released, but there are signs of narrowing in the difference (if it continues to narrow, it may signal a trend reversal).
- CCI Indicator: CCI value -86.31, at a relatively low level, indicating that the price is oversold and there is a possibility of a rebound.
Trend Analysis
- 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 higher 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 height of the rebound will be limited, and it may encounter resistance near the middle band and fall back again, entering a range oscillation (3440.58 - 3692.75).
- If the lower support fails and the price continues to decline, it may test new lows within a day, but this situation requires a continuous strengthening of bearish forces and no obvious bullish support, which has a relatively low probability, as the current market is severely oversold and there is a need for a rebound.
Operation Suggestions
- Short-term (a few hours): If holding long positions, observe the support strength when the price tests the lower bound at 3440.58. If a stop-loss signal appears (such as a bullish K-line close, increased trading volume, etc.), you can add to your position to lower costs; if holding short positions, consider taking profits after the lower bound support is effective to avoid losses from rebounds. For those without positions, you can lightly try going long when the price stabilizes after a pullback to the lower bound, setting a stop-loss below the lower bound (around 3400), or lightly try going short when rebounds encounter resistance at the middle band, setting a stop-loss near the upper bound.
- Medium to long term (within a day): If the price rebounds and breaks through the middle track while stabilizing, you can increase your position to go long; if the rebound is weak and falls back again, you can take a short position. Overall, it is necessary to closely monitor changes in indicators and trading volume, as the cryptocurrency market is highly volatile. Adjust strategies in a timely manner and strictly implement stop-loss and take-profit measures. The above content is for reference only.