On the current 4-hour Ethereum chart, after a previous rapid dip, the market has now entered a consolidation phase within a range. The recent low is around 2440, with key resistance near 2510 above. From the indicators, the 4-hour MACD remains in a weak zone with insufficient bullish momentum; the KDJ's J value has risen, signaling a short-term overbought condition, and the RSI remains in a neutral range. Overall, there is no clear single trend in the larger time frame; instead, there is a tug-of-war between bulls and bears within the range.
From a short-term perspective, the price is rebounding from the 2440 low, but the highs are gradually declining. The 1-hour MACD has formed a golden cross with continuing red bars, indicating some short-term rebound momentum, but it is not strong. The KDJ lines are entangled, showing intense contention between bulls and bears, with clear resistance above. Whether this rebound can continue still needs further observation. Overall, this is a corrective consolidation market with a range locked between 2440 and 2520. 2520 is the first key resistance, and if it cannot be effectively broken, there is a high probability of a short-term pullback; on the downside, 2430 is an important support level, and if it is breached, the current consolidation pattern will be broken.
In such range-bound markets, chasing rallies or selling into dips is especially risky, as repeated fluctuations can easily trigger stop losses. Before the price effectively breaks through the boundaries of the range, avoid heavy positions; it is best to go short at the top of the range and long at the bottom, or patiently wait for a clear direction.
Ethereum Short-term Reference for 9.9:
Sell below 2500, target below 2450,
Buy above 2400, target above 2460,
There may be a delay in the post. Strategy suggestions are for reference only; market conditions change rapidly. No matter how confident you are in the market judgment, always set stop loss and take profit for secure returns.
