【4-hour $ETH Trend Analysis】
Candlestick Pattern:
4-hour level: Recent long lower shadow (low point 3696.18) shows strong support at the 3700 round number, and the price has rebounded to around 3780. The current candlestick is below the previous high of 3817, facing short-term pressure.
Daily level: Although there have been three consecutive days of closing up, yesterday's rise to 3860 followed by a retreat formed a long upper shadow, indicating significant selling pressure in the 3800-3860 range.
Technical Indicators:
MACD (4-hour): DIF (102.73) crosses below DEA (115.13), with the histogram turning negative (-24.81), indicating a weakening of short-term bullish momentum.
RSI:
Daily RSI 14 (87.69) is in the overbought zone and is showing signs of fatigue, raising caution for potential pullback risks.
4-hour RSI (69.09) is close to overbought but has not shown divergence.
EMA Moving Averages (4-hour): EMA7 (3766.60) crosses above EMA30 (3607.74), indicating that the overall trend remains bullish. However, the current price (3780) is closely tied to EMA7, and if it breaks below, it may test the 3700 support.
Trading Volume:
4-hour: The latest candle shows an increase in volume with a decline (89,702 > previous 65,317), indicating enhanced selling pressure.
Daily: Yesterday's rebound was accompanied by decreased volume (812,074 < previous day 852,357), indicating insufficient upward momentum.
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