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10.10 Yufu midday ETH analysis:
Daily level: Recently, after encountering strong selling pressure at $4755, it fell back, forming a "long upper shadow bearish candlestick." After the MACD death cross, bearish momentum has not been fully released, and the short-term trend is biased towards bearish.
4-hour level: presents a downward structure of "lower highs and lower lows," with the current key support level at 4400-4440 USD (previous platform support + 20-day moving average). If this level is lost, it may drop to 4100 USD (100-day moving average support); resistance is concentrated at 4560-4600 USD (recent rebound pressure zone).
Hourly level: There is a short-term expectation of a rebound after an oversell, but if the rebound fails to break through 4500 USD, it is likely to continue the oscillating downward trend.
It is recommended to place long positions for ETH in the range of 4300 - 4330, targeting near 4450, with a stop loss set below 4250.