Detailed analysis of Ethereum's trend and suggestions for sound trading strategies:

Last week's Ethereum profit-taking trades have been ongoing for quite some time, as those who followed the trades know! On the 4-hour chart, the Ethereum price has stabilized above the Bollinger Band middle line, the MACD is in a bullish alignment, and the overall trend is bullish. Short-term resistance is around the upper Bollinger Band at 2398, with strong resistance at the previous high of 2463.86. The first support level is the Bollinger Band middle line at 2340, and the second support level is the psychological level of 2300. A break below this level could lead to a return to the trading range. 4-hour Ethereum technical indicators: BOLL Middle Line (MID): 2340.19, Upper Line (UP): 2398.91, Lower Line (LOW): 2281.48. Interpretation: The price has risen above the Bollinger Band middle line and is approaching the upper line, indicating a short-term bullish trend. The area around the upper line (approximately 2400) is a strong resistance level; if it cannot break through with significant volume, it will likely encounter resistance and fall back. MACD DIF: 21.28, DEA: 17.07, MACD histogram: 8.42 (red) Interpretation: DIF is above DEA, and the MACD red histogram continues to expand, indicating increasing bullish momentum; the two lines are diverging upwards without any top divergence, indicating a healthy short-term bullish trend. KDJ K: 75.44, D: 67.60, J: 91.12 Interpretation: The J value is approaching the overbought zone (100), indicating that the short-term upward momentum is overheated, and a pullback or consolidation is likely to digest the overbought signal. Ethereum Trading Recommendations: Short Position Strategy: It is recommended to enter short positions in Ethereum around 2390-2410, with target prices of 2360-2330-2300. Profit margins are at your discretion, with a stop-loss at 2460! Strategies are time-sensitive; implementation will primarily rely on free guidance!