9.18 Ethereum (ETH) interest rate cut market analysis

Ethereum (ETH) is currently priced around $4610, experiencing a dramatic V reversal last night! After the Federal Reserve's interest rate decision, ETH briefly plummeted to the 4H EMA160 moving average, but then the bulls surged strongly, with a long lower shadow supporting the rebound. The price rose from the lower Bollinger Band all the way to the current upper resistance area (4610-4630). Currently, the market is slightly retracing to test the strength of the upper band, and the Bollinger Bands have not opened up significantly. The upper band pressure resonates with previous highs, creating resistance!
4H Bollinger Bands are contracting: the upper band (around 4630) remains a key resistance level. If it cannot break through with volume, the short-term risk of a pullback increases.
MACD golden cross under water approaches the 0 axis: although the green bars are increasing, the momentum is weak. After the DIF and DEA golden cross, they are close to the pressure zone at the 0 axis, and the bulls need to accumulate strength further.
KDJ and RSI are synchronously approaching the overbought zone: indicators suggest that the upper space is narrowing, and slow upward movement may be a trap for inducing buying; be careful not to chase high prices!
The support at the middle track of the daily line is effective: the price has stabilized at the middle track (around 4500), but the previous high (the high point on the 13th) has not been broken, the MACD green bars are shrinking and the DIF is diverging and rising, raising doubts about the sustainability of the bulls.
Today's operation suggestion:
Long position: Reduce positions/take profit priority above 4600, can lightly chase long after breaking through 4630 and stabilizing (target 4700), strictly limit losses;
Short position: Test short in the 4630-4650 resistance zone (stop loss at 4680), target at 4500-4550. If it breaks the midline with increased volume, you can add to the position;
Key levels: Support at 4500/4450, resistance at 4630/4680.
There is a delay in article review push notifications. The above points are for reference only. Please grasp the timing for buying and selling on your own. When entering the market, please take precautions and avoid heavy positions!