Detailed analysis of Ethereum trends and suggestions for sound trading strategies (January 23rd): (Several days of positioning exceeded expected profits)

Ethereum's four-hour chart shows a weak and bearish trend, with the price fluctuating around 2940 within a downward channel. Short-term rebounds are weak, with clear support below and resistance above. Attention should be paid to key price level breakouts and volume changes. The current price is around 2940, with an intraday fluctuation range of 2900-2990. Overall, the volume is decreasing, and the rebound has failed to break through the psychological barrier of 3000. Analyzing the four-hour Ethereum price trend, the recent price action above 3000 points has seen significant selling pressure, forming multiple long upper shadows, indicating strong upward pressure. The recent four-hour candlesticks show a downward trend with gradually decreasing lows and no breakouts from previous highs, indicating short-term weakness. The MACD DIF and DEA are both below the zero line and remain negative. While the momentum bars have shortened, they are still green, indicating that the bears are in control but their strength is weakening. The current RSI (14) value is 34.35, close to the oversold range, suggesting a potential short-term rebound, but the overall trend remains weak. The EMA7 < EMA30 < EMA120 moving averages indicate a bearish alignment, with short-term prices constrained by the EMA7 (around 2951). The medium- to long-term trend remains downward. Key support: 2920-2900 (tested multiple times intraday; a break below this level would likely lead to a test of the strong support zone of 2850-2880), with strong support at 2800-2780. Key resistance: 3000 (psychological level + short-term resistance), 3040-3080 (upper edge of the descending channel + Bollinger Band middle line), with strong resistance at 3120-3150. Ethereum (ETH) Stable Strategy (January 23rd): Short positions are recommended around 2940-2960, with target levels of 2900-2860-2820. Strategies are time-sensitive; implementation should be based on free guidance.