Ethereum (ETH) has recently shown a complex market situation. From the perspective of the technical indicators in the 4-hour cycle, the bullish and bearish forces are in fierce competition. On one hand, the MACD indicator shows a top divergence, which is often seen as a potential bearish signal. On the other hand, the OBV (On-Balance Volume) indicator forms a golden cross pattern, suggesting that buying pressure may be accumulating.



At the same time, the RSI indicator still leans towards bullish, showing that there is still strong upward momentum in the current market. The Bollinger Bands are opening upwards, further supporting this view, indicating that prices may continue to operate within a wider fluctuation range.

Considering various technical indicators, despite some potential downside risks, the price of ETH may still head towards the area around $4465 in the short term. However, investors need to closely monitor the mutual verification between the indicators to more accurately assess the market direction.

In this intertwined market environment of bulls and bears, it is particularly important to remain vigilant and flexible with trading strategies. Market participants should continuously pay attention to the changes in various technical indicators, as well as macro factors and industry news that may affect ETH prices, in order to make more informed investment decisions.
ETH4.37%
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GateUser-bd883c58vip
· 14h ago
All in and it's done.
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DataChiefvip
· 08-07 16:45
One kidney has gone in.
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¯\_(ツ)_/¯vip
· 08-07 16:42
That's it, done.
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DecentralizedEldervip
· 08-07 16:41
Increase the position and it's done.
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LiquidationKingvip
· 08-07 16:34
See 4465 again
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Web3Educatorvip
· 08-07 16:34
*adjusts glasses* fascinating case study for my advanced metrics class
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