9.19 Ethereum (ETH) latest market analysis

Ethereum has faced resistance near the 4645 level during the intraday uptrend, and is currently trading around 4595 following a pullback. The hourly chart has tested the upper key resistance multiple times without breaking through, so although there is a strong rebound and bullish sentiment warming up, it is still advisable to wait for a pullback to enter the market. Additionally, the upper gap has not been significantly breached, so we do not recommend blindly chasing long positions until the 4650 level is broken.

4-hour level: Recently, a long upper shadow appeared, indicating that there is significant selling pressure around 4650; the evening pullback did not break the previous low of 4555.17, forming short-term support. Daily level: The long lower shadow on September 17 (from 4404.08 to 4615.26) confirms buying support in the 4400 area, but the doji on September 18 shows a weakening of bullish momentum. MACD: The 4-hour DIF (13.29) crosses above the DEA (5.05), but the histogram is shrinking; the daily MACD (12.09) is at a high and is showing signs of bearish divergence risk. EMA: The 4-hour EMA7 (4577.14) > EMA30 (4547.72) > EMA120 (4464.60), indicating a bullish arrangement; the price is closely following EMA7, and short-term support is effective. For short-term support, pay attention to the 4530 area, followed by the 4480 level; for resistance, focus on the 4650 level. It is recommended to short high and long low.

Ethereum Short-term Reference:
Short test 4630-4660 lightly, stop loss 30 points, target below 4590,
Buy at the test range of 4481-4531, stop loss at 30 points, target above 4580.

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