【4-hour trend analysis $ETH 】
Candlestick pattern:
4-hour level: Recently, a long lower shadow was formed (low of 3696.18), indicating strong support at the round number of 3700, followed by a rebound to around 3780. The current candlestick is below the previous high of 3817, indicating short-term pressure.
Daily level: Three consecutive days of closing in the green, but a pullback occurred after reaching 3860 yesterday, forming a long upper shadow, with significant selling pressure in the 3800-3860 range.
Technical indicators:
MACD (4-hour): DIF (102.73) crosses below DEA (115.13), histogram turns negative (-24.81), short-term bullish momentum weakens.
RSI (daily): RSI14 (87.69) is in the overbought zone and is stagnating, caution is needed for potential pullback risks; 4-hour RSI (69.09) is close to overbought but has not diverged.
EMA moving averages: 4-hour EMA7 (3766.60) crosses above EMA30 (3607.74), the trend remains bullish, but the current price (3780) is close to EMA7, if it breaks below, it may retest 3700.
Trading volume:
4-hour volume increased on decline: latest 4-hour trading volume 89,702, larger than the previous one (65,317), indicating increased selling pressure.
Daily volume decreased on rebound: yesterday's trading volume (812,074) decreased compared to the previous day (852,357), indicating insufficient upward momentum.
Next point, I will share several suitable long-term triple leveraged long and short entry points!
If you don't want to miss it, you can follow Kun Ge for updates on my next post!
Follow #稳定币监管风暴 #Strategy增持比特币 #加密立法新纪元 for updates!
