9.1 Ethereum Market Analysis

From the hourly perspective, Ethereum's monthly K-line opened with a drop of 100 points, and the early naked K broke below the lower track. The 30-week moving average has ample downward space. Currently, attention can be focused on the support level of 4370; if it holds, the market may oscillate overall, but if it breaks, a bearish outlook can be considered down to 4270. The attached MACD indicator shows a death cross with increasing volume, and the KDJ main line is about to reach oversold levels. Overall, Ethereum can maintain a bearish outlook.

Trading Suggestion: Short in batches at 4420-4440

Target: 4360-4280

Risk Control: 4460