4-Hour ETH Trend

【Price Trend Analysis】

Candlestick Pattern:

The 4-hour level shows a long upper shadow doji, reaching a high of 4314 before pulling back to 4281, indicating selling pressure at the 4300 integer level. The previous high of 4340 forms a key resistance level. On the daily chart, after breaking the 4150 pressure with a bullish candle on August 20, it has recorded three consecutive days of bearish retracement. The current price is oscillating in the 4250-4350 range, and attention must be paid to the validity of the 4200 support.

Technical Indicators:

MACD (4H): DIF and DEA are still below the zero axis but have a bullish crossover upwards. The MACD histogram has turned positive (19.46), indicating short-term rebound momentum; however, the daily MACD shows a bearish crossover at a high level, requiring caution for mid-term adjustment risks. RSI (1H): 53.78 is in the neutral zone, not entering the overbought area; daily RSI 56.58 has retreated from 70 and has not yet formed a divergence. EMA (4H): The price is stable above EMA7 (4258) but is under pressure from EMA30 (4294); daily EMA120 (3182) is far below the current price, indicating a long-term bullish trend.

Trading Volume:

On the 4-hour level, on August 21, the price surged to 4328 with a volume of 123952, followed by a volume contraction retracement, aligning with the logic of "sharp rise followed by correction." On the daily level, the rise on August 20 was accompanied by a significant volume of 215625, with recent volume contraction. If it breaks below 4200, caution should be exercised for a potential bearish counterattack.

【Price Trend Analysis】

Candlestick Pattern:

The 4-hour level shows a long upper shadow doji, reaching a high of 4314 before pulling back to 4281, indicating selling pressure at the 4300 integer level. The previous high of 4340 forms a key resistance level. On the daily chart, after breaking the 4150 pressure with a bullish candle on August 20, it has recorded three consecutive days of bearish retracement. The current price is oscillating in the 4250-4350 range, and attention must be paid to the validity of the 4200 support.

Technical Indicators:

MACD (4H): DIF and DEA are still below the zero axis but have a bullish crossover upwards. The MACD histogram has turned positive (19.46), indicating short-term rebound momentum; however, the daily MACD shows a bearish crossover at a high level, requiring caution for mid-term adjustment risks. RSI (1H): 53.78 is in the neutral zone, not entering the overbought area; daily RSI 56.58 has retreated from 70 and has not yet formed a divergence. EMA (4H): The price is stable above EMA7 (4258) but is under pressure from EMA30 (4294); daily EMA120 (3182) is far below the current price, indicating a long-term bullish trend.

Trading Volume:

On the 4-hour level, on August 21, the price surged to 4328 with a volume of 123952, followed by a volume contraction retracement, aligning with the logic of "sharp rise followed by correction." On the daily level, the rise on August 20 was accompanied by a significant volume of 215625, with recent volume contraction. If it breaks below 4200, caution should be exercised for a potential bearish counterattack.