【4-Hour Trend Analysis $ETH 】
Candlestick Pattern:
4-Hour Level: Recently, a long lower shadow (3756 low) appeared, indicating strong support at the 3800 level, but the 3820-3850 range forms a short-term pressure zone.
Daily Level: After the long upper shadow (3941 high) on July 28, there have been three consecutive days of pullback, forming a "Dark Cloud Cover" pattern, suggesting clear selling pressure above 3800.
Technical Indicators:
MACD: The 4-hour level's DIF and DEA have crossed below the zero axis (18.4/28.3), with the daily histogram continuously decreasing, indicating weakened short-term momentum.
RSI: The 4-hour RSI14 (53.6) is not overbought but is turning down, while the daily RSI (75.85) remains in the overbought zone, signaling caution for pullback risk.
EMA: The price is stable above EMA30 (3778) but is pressured by EMA7 (3802), with the 120-day moving average (3469) far below the current price, indicating a long-term bullish trend.
Volume:
4-Hour Level: The crash on July 29 was accompanied by a volume surge of 140878, and the recent rebound shows decreased volume (50669), indicating a divergence between volume and price.
Daily Level: After the volume increase and drop on July 28 (620995), there has been a volume contraction, indicating insufficient bullish momentum.
(Note: Key integer levels to watch are 3800 support / 3850 resistance; if it falls below 3750, watch for a trend reversal.)
Attention: Kun Ge will announce suitable entry points on 11.30!
Currently holding $OMNI $ZORA
