#加密市场回调 Ethereum price is at a critical decision point, with current bullish and bearish forces engaging in intense competition at the 4070 support level, and tonight's market direction will have a clear answer.

From the daily analysis, Ethereum retreated to the 4120 area after reaching a high point yesterday, indicating that the area above 4250 is under significant selling pressure. The current price stands at a strategic watershed, with 4070 forming the last line of defense for the bulls. If this line is breached, it may trigger a deep adjustment towards the MA7 moving average. Looking upwards, the 4150 resistance level is key to assessing the strength of the short-term trend; only by breaking through this level can it continue to challenge the MA90 moving average level. Technically, although the MACD indicator still maintains bullish momentum, the price retreat has formed a certain divergence!

The four-hour level shows that the recent price has formed a consolidation pattern within the 4075-4160 range, with 4075 forming double support alongside MA120. In terms of technical indicators, the MACD shows a trend of weakening bullish strength and is about to form a death cross signal, indicating that short-term adjustment pressure is gradually increasing. If the trading volume expands and breaks below the 4075 support, it will confirm a weakening of the short-term trend and may continue to explore down to the MA120 position; conversely, if this key position is held and the 4160 resistance is broken, there is hope for a continuation upward to the 4215 target.

Trading Strategy Reference:
If the price falls back to the 4040-4080 range, consider going long, with a target of 4160-4190.
If the price rises to the 4240-4290 area, consider shorting, with a target level of 4100-4150.

Today's market focus: $BTC $COAI