【20号$ETH 4 Hour Trend Analysis】
K-line Pattern:
The 4-hour level has recently formed a double bottom structure, with lows of 2465.78 and 2485.03 forming a support zone.
On June 17, a long upper shadow bearish candle appeared on the daily chart (2618.6→2509.95), followed by three days of K-line bodies gradually shrinking, indicating weakened selling pressure.
Technical Indicators:
MACD: The 4-hour level DIF and DEA have crossed above the zero axis (from -15.62 to -17.46), and the daily MACD histogram has continuously decreased over the past 5 days (from -50.91 to -47.20).
RSI: The 1-hour RSI (14) is oscillating in the neutral zone at 54.11, and the daily RSI (14) is at 49.04, not entering the oversold zone.
EMA: The price is currently under pressure from the 120-day moving average (2560.37), and the 4-hour EMA7 (2517.21) is crossing above EMA30 (2540.62).
Volume:
After a volume increase and drop on June 18 (143305 ETH), the trading volume in the last 24 hours has shrunk to the 20000-40000 ETH level.
The 1-hour level saw insufficient volume during the rebound (for example, only 2408 ETH traded at 10:00 on June 20).
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