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Today, the Ethereum market is showing a high-level sideways trend. After reaching a high of 3942 dollars, the price has retreated and is currently consolidating in the 3880-3900 dollar range.
From a technical perspective, the MACD indicator on the four-hour chart shows weakening momentum, with the length of the histogram shortening. At the same time, the KDJ three lines are starting to turn downwards, and these signs all suggest that the upward momentum may weaken in the short term.
On the hourly chart, consecutive bearish candles are exerting pressure on the middle band of the Bollinger Bands, indicating that the current rebound strength is limited. This technical pattern usually suggests that a pullback may occur in the short term.
Based on the current market conditions, investors may consider the following operational strategies:
1. Conservative strategy: Set a short position around $3885, with a target price range of $3820-$3780.
2. Breakout Strategy: If the price can strongly break through the 3900 USD level, accompanied by a significant increase in trading volume, then one can consider opening a long position, with the target price set in the range of 3940-3980 USD.
Please note that the cryptocurrency market is highly volatile, and investors should operate cautiously and manage risks effectively. Different trading strategies apply to different risk preferences, and it is advisable to adjust flexibly based on personal circumstances and market changes.