The afternoon ETH trend basically met expectations, continuing to oscillate and consolidate around the 4320 line. During this period, it briefly dipped near 4283 but quickly rebounded, indicating that the support below is still effective. However, the rebound strength is limited, with both bulls and bears repeatedly contesting within the range, and the short-term rhythm still appears weak.

From the perspective of the market structure, the price continues to hover around the middle track of the Bollinger Bands, with short-term moving averages entangled and trading volume shrinking, maintaining an overall oscillating pattern. There is still significant pressure in the 4350-4360 range above. If it cannot break through and stabilize in this area with increased volume this evening, it is highly probable that the range oscillation will continue.

Operation suggestion:
If it fails to effectively break through 4350-4360 again in the evening, a light short position can be taken, targeting 4300-4280, with a stop loss set above 4370.
If the price breaks through and stabilizes above 4360 with increased volume, there is a short-term expectation for upward movement, allowing for a light position to follow along with long orders, targeting 4390 and above. #Gate重磅上线GUSD#