#以太坊行情解读 Ethereum recent technical analysis hourly trend

The price began to pull back after reaching a peak of 4374, and has since been fluctuating at a high level. Currently, it is in a consolidation pattern - it has neither broken through the previous high nor fallen below the recent support at 4309.

The MACD is still in the positive zone, and the histogram bars are red, indicating that the short-term bulls still have strength, but the growth rate is not strong, and the momentum is flat.

The KDJ is more interesting. The K and D lines are both stable above 50, which belongs to the strong zone, but the J line has started to turn downward, and the K line is about to cross the D line - this usually indicates that a short-term adjustment or continued fluctuation may be on the way.

**Operational Thinking:**
- Short-sellers: If there is resistance around 4350-4370 during the rebound, you can short with a light position, targeting first 4340 and 4320; if it breaks, then aim for 4300.
- Bullish Party: If the pullback stabilizes at 4330-4325, you can take a small position to go long, with target levels set at 4340, 4350, and 4360.

In short, in the short term, we need to prevent $ETH from continuing to pull back, but the overall trend has not been completely broken, seeking opportunities in the fluctuations.