【$ETH 4 Hour Trend】
Candlestick Pattern:
On the 4-hour level, there have been consecutive bearish candles, with the latest candle closing at 4193.71, breaking below the previous low of 4218.46, forming a short-term downtrend.
On the 1-hour level, a long lower shadow appeared in the range of 4306.51-4180.82, indicating that there is buying support near 4200.
Technical Indicators:
MACD: On the 4-hour level, both DIF and DEA are below the zero line, with the MACD histogram expanding, indicating increased bearish momentum. On the 1-hour level, the MACD histogram is contracting, suggesting a potential short-term rebound.
RSI: The 4-hour RSI is 37.48, close to the oversold zone but not yet entered, while the 1-hour RSI is 35.19, indicating a short-term rebound demand.
EMA: The price on the 4-hour level has broken below EMA7 (4272.34) and EMA30 (4376.14), showing a clear bearish arrangement. The 1-hour EMA120 (4388.65) has become a strong resistance.
Trading Volume:
On the 4-hour level, the volume increased while falling (146973), dominated by bears.
On the 1-hour level, the trading volume shrank during the rebound (e.g., only 45134 at 21:00), indicating insufficient rebound strength.
Current layout has been established, those who want to profit are welcome to join for dinner!
