4.5 Morning Analysis

1-hour level touched the BOLL upper band at 67524.8, then surged and retreated. The high-level price action shows reduced volume, and the bullish momentum is clearly weakening. Coupled with the price deviating too far from the midline at 67180.6, there is a strong corrective demand to return to the midline; in the short-term structure, the high-level bearish candle loosening breaks the consecutive bullish rhythm. If it breaks below the 67300 level, it will further test the 67100 support. The bullish pattern faces a risk of breakdown. Meanwhile, market enthusiasm for chasing gains at high levels is cooling, profit-taking willingness is increasing, and buying momentum is insufficient. Additionally, linked market effects—if gold and US stocks weaken or Powell signals a hawkish stance—will indirectly suppress risk assets from rising. Currently, the 1-hour volume support is insufficient, overbought indicators have not been digested, and there is a lack of sustained bullish catalysts. Under multiple factors resonating, the short-term trend shows a phase of weakening and bearish outlook.

Trading suggestion: 67,800-68,300 range, target 66,800-66,300. $ETH $GT