【4 hours trend analysis for $ETH 】
K-line pattern:
4-hour level: Recently formed a double top structure (4384.06), then fell to a low of 4328, with short-term pullback pressure.
1-hour level: Range fluctuation between 4330-4380, latest K-line closed with a bearish candle breaking EMA7 (4336.65), indicating short-term weakness.
Technical indicators:
MACD: 4-hour level DIF (-5.90) crossed below DEA (-14.90), but the histogram is narrowing (17.99), need to be cautious of a rebound; 1-hour level MACD (8.11) golden cross but with insufficient volume.
RSI: 4-hour RSI (51.76) is neutral and slightly weak, 1-hour RSI (56.95) is not overbought, no divergence signal.
EMA: Price broke below 4-hour EMA7 (4324.25), with EMA30 (4327.46) and EMA120 (4357.42) forming a death cross, indicating a mid-term bearish trend.
Trading volume:
4-hour level: Volume increased at the high point of 4384 (105874) and then decreased in the downturn, selling pressure is being digested.
1-hour level: Trading volume at the support level of 4330 sharply decreased (10842), with market sentiment being cautious.
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