The current ETH price is 4462.81 USDT. It's been so wildly volatile that it's almost unbearable.
1. Recent High Pressure: The previous high of 4957.67 in the chart is a strong resistance level. The price previously surged to this level and then encountered resistance and fell back. If it rebounds, this price level will suppress the upward trend.
2. Upper Bollinger Band: The upper Bollinger Band indicator's UP value is 4903.82. The Bollinger Bands have a convergence and guidance effect on prices, and the upper band area also serves as a reference for short-term pressure.
3. Previous Lows and Moving Averages: During price corrections, the previous low of 3353.51 and nearby moving averages (such as the MA system) provided support. If the price continues to decline, this area will be key support. Furthermore, the lower Bollinger Band DN at 3893.77 is expected to provide support and support for the price.
4. Areas of High Trading Volume: Looking at the volume bars, certain low-level ranges show relatively stable trading volume. For example, the price range of 3872.34 - 3353.51 represents potential support, helping to determine the support strength in case of price declines.
If you want to capitalize on short-term fluctuations, focus on the short-term cycle; if you want to invest long-term, focus on the long-term cycle. Don't be dazzled by short-term fluctuations. There are also a number of indicator parameters that, while complex, can help you determine price trends. If you consider ETH's short-term upward trend, don't get trapped.