$ETH 【ETH 4-Hour Trend Analysis - June 12】
Core Observations:
4-Hour Chart: The price has formed a double top structure around $2865, effectively breaking below the neckline at $2772, and is currently in a retracement phase.
Daily Chart: Two consecutive days of bearish closes have formed a dark cloud cover pattern, indicating significant short-term selling pressure.
Technical Indicators Dynamics:
MACD:
4-Hour Level: DIF has crossed below DEA, forming a death cross.
Daily Level: The red bars continue to shrink, indicating that bullish momentum is weakening.
RSI:
4-Hour Level: Has fallen from the overbought zone (74) to the 60 level.
Daily Level: Maintained at 64, within a neutral to bullish area.
EMA:
4-Hour Level: The price has fallen below the short-term dynamic support EMA7 (2788).
Daily Level: The price remains solidly above the key support EMA30 (2671).
Monthly Level: EMA7 (2536) provides a long-term support reference.
Volume Interpretation:
4-Hour Level: A significant increase in volume (approximately 110,000 units) accompanied the break below the key neckline at $2772, confirming the validity of the breakdown.
Daily Level: The volume reached as high as 300,000 units during the sharp rise on June 10; the recent retracement has seen a noticeable decline in volume (approximately 80,000 units), indicating that selling pressure is gradually easing.
Strategy Tips:
Specific trading strategy levels will be updated as usual in the plaza, please pay attention. You are welcome to continue following Haitang's analysis, and past plaza strategy records are available for review and verification.
