【$ETH 4 Hours Trend Analysis】
K-Line Pattern:
In the recent 4-hour level, there has been a continuous series of bullish candles breaking through the 3800 round number, with a peak test at 3887 followed by a slight pullback, forming a short-term high-level oscillation structure.
On the daily chart, the long lower shadow on July 25 (3573-3747) confirmed the bottom support, and after three consecutive days of bullish closes, formed a 'Red Three Soldiers' bullish pattern.
Technical Indicators:
MACD: The 4-hour DIF (47.43) crossed above the DEA (34.96) and the histogram continues to expand, maintaining a positive value after the golden cross on the daily chart (301/285), indicating a bullish momentum.
RSI: The 4-hour RSI (65.5) has exited the overbought zone but has not fallen below the 50 midline, while the daily RSI (80.65) remains in the overbought zone showing a strong trend.
EMA: The price remains above EMA7 (3823)/EMA30 (3736), and the daily EMA7 (3755) has crossed above EMA120 (2705), forming a long-term bullish arrangement.
Trading Volume:
After a significant drop with volume on July 25 (174,000), the volume doubled on July 27 when breaking through 3800 (91,000 → 457,000), showing good volume-price coordination.
Currently, the 4-hour level has a retracement with reduced volume (46,000), and no panic selling pressure has emerged.
Currently holding $BTC $ASP
Short-term strategy will be in the next post!
