$ETH 4 Hourly Trend Analysis!
【Price Trend Analysis】
K-Line Pattern:
The 4-hour level shows a long upper shadow, with resistance at the high point of 3722 leading to a drop, indicating significant selling pressure above 3700. The daily level has seen three consecutive days of gains before the first pullback, but the close remains above the crucial integer level of 3650.
Technical Indicators:
MACD: The 4-hour DIF (2.86) crosses below DEA (-32.4), with a decrease in the histogram, while the daily level maintains a golden cross but shows a top divergence. RSI: The 4-hour RSI (58.92) falls back from the overbought zone, and the daily RSI (59.69) remains in a strong range. EMA: The price retraces to the 7-day moving average (3632) for support, while the 30-day EMA (3602) and the 120-day EMA (3531) maintain a bullish arrangement.
Trading Volume:
Volume increased to 73857 when breaking through 3700 in the 4-hour timeframe, but decreased to 36708 during the pullback, indicating a divergence between volume and price. On the daily level, August 4 saw a volume increase to 135,000, the highest in the past week, confirming the effectiveness of the support breakout.
【Buy/Sell Points】
Buy Point One: 3620 USDT (confluence of daily EMA7 support level and integer threshold, 4-hour RSI retraces to neutral zone)
Buy Point Two: 3580 USDT (strong support area at the 30-day moving average, defensive position above the previous low of 3551)
Long Stop Loss Point: 3540 USDT (falls below the 30-day moving average and the daily candlestick closes below the previous low)
Sell Point One: 3720 USDT (high resistance level from 4 hours ago, MACD top divergence signal area)
Sell Point Two: 3750 USDT (daily level integer threshold resistance, EMA120 moving average pressure level)
Short Stop Loss Point: 3780 USDT (breaks above the previous daily high and stands above the psychological level of 3800)
ETH 4-Hour Price Trend: Up
