#以太坊行情解读 【Ethereum Midnight Technical Review】

From the four-hour chart perspective, $ETH's current movement is quite interesting. The short-term moving averages (MA5, MA20, MA60) are loosely aligned, which indeed signals weakness. The MACD has formed a "death cross," with the fast line decisively crossing below the zero line, now firmly in the bearish zone. To put it more plainly, the green downward momentum bar is still expanding, indicating that the correction pressure has not eased.

From a technical standpoint, short-term consolidation may continue for a while.

From a trading perspective: the 2900-2940 range can be a key focus, with a support level around 2980. If it fails downward, the next support levels could be 2850, 2800, and further down at 2730 and 2670—of course, these are theoretical support points, and the actual movement will depend on market sentiment.