【$ETH 4 Hour Trend Analysis】
K-line Pattern:
The 4-hour level recently showed a long lower shadow (2382.53), indicating strong support at the 2400 psychological level.
The daily level has recorded three consecutive days of K-lines with long upper shadows (2520.92/2500.56/2457.32), showing significant selling pressure above 2500.
The 1-hour level has formed a double top pattern near 2430, with the neckline at 2400.
Technical Indicators:
MACD: The 4-hour level's DIF has crossed below the DEA forming a death cross, while the daily MACD histogram continues to shrink.
RSI: The 4-hour level RSI (52.46) is flat in the neutral zone, while the daily RSI (47.28) has yet to break the 50 strength divide.
EMA: Price is being suppressed by the EMA7 (2435) at the 4-hour level, while the daily EMA120 (2384) provides long-term support.
Trading Volume:
The 4-hour level experienced a volume increase during the drop (58694) followed by a decrease in volume during the rebound (52436), indicating insufficient buying pressure.
The daily trading volume has decreased stepwise over the past three days, alongside the price decline, showing weakening momentum.
An abnormal volume spike occurred at the key price level of 2400 (40635) in one hour, validating the effectiveness of the support.
Recent Hot Topics #香港加密概念股 #上市公司山寨币财库 #下一任美联储主席人选 #以色列伊朗冲突 #剥头皮策略
The next post will announce strategy points; there haven't been updates recently, so here’s a little benefit for everyone, remember to claim it, haha!
