【4-hour trend analysis $ETH 】
K-line pattern:
The 4-hour level showed a long lower shadow probing the bottom at 3677 before rebounding, but did not break through the previous high of 3834, forming a short-term oscillation range of 3677-3834.
The daily level has closed with three consecutive bearish candles, breaking below the 7-day moving average (3776), confirming a short-term adjustment trend.
Technical indicators:
MACD: The 4-hour level DIF (4.71) crossed below DEA (17.84), and the daily level MACD histogram continues to contract, indicating weakening momentum.
RSI: The 4-hour RSI (43.53) has retreated from the overbought zone, while the daily RSI (69.76) is still in the strong zone but not overbought, allowing for some pullback space.
EMA: The price has fallen below the 4-hour EMA7 (3776), with the daily EMA7 (3746) becoming a key support level, and the 30-day EMA (3330) still maintaining an upward slope.
Trading volume:
The recent decline has been accompanied by increased volume (latest 4-hour K-line trading volume 157896), indicating increased selling pressure.
The daily level volume shows a decreasing trend, with volume during the adjustment period lower than during the upward phase, and no panic selling has occurred.
