【4-hour $ETH Trend Analysis】
Candlestick Pattern:
A large bearish candlestick appeared on the daily chart (June 20th decline of 114 points), followed by a small bullish candlestick rebound. Short-term downward momentum is weakening but has not reversed.
The 4-hour chart has formed a "descending channel," with recent lows near 2367 showing long lower shadows, indicating some buying support.
Technical Indicators:
MACD: The daily DIF and DEA have crossed downwards and diverged, but a bullish divergence signal has appeared on the 4-hour chart (new price low while MACD bars are narrowing).
RSI: The 4-hour RSI (35.76) has exited the oversold area but is still below 50, while the daily RSI (42.83) is neutral to weak.
EMA: Prices are under pressure from EMA across the board (7/30/120-day moving averages trending down), especially the 4-hour EMA30 (2515), which is a key resistance level.
Volume:
On the day of the crash (June 20th), volume surged to 630,000, indicating panic selling; the current rebound has decreased volume (29,000 yesterday), showing insufficient bullish momentum.
The 1-hour chart has shown localized surges near 2400 multiple times (e.g., June 21st 04:00, 72,000 in volume), and the support effect needs to be verified.
The 4-hour strategy points will be announced shortly; a friendly reminder for users and fans with small capital to manage their positions well!
