【Latest 4-hour $ETH Trend】
K-line Pattern:
The 4-hour level has formed a double bottom structure, with the low point at 3742.79 confirming support. Currently, after breaking through the neckline at 3830, it is testing the resistance at 3850.
The 1-hour level has shown a series of small real body K-lines, indicating short-term bullish fatigue, and caution is needed for selling pressure around the integer level of 3850.
Technical Indicators:
MACD: The 4-hour DIF (11.3) has crossed above the DEA (15.4), but the histogram remains negative (-8.2), needing observation for confirmation of a golden cross. The 1-hour MACD (16.1) is accelerating upwards but is approaching the zero axis pressure.
RSI: The 4-hour RSI (55.9) has exited the oversold zone, while the 1-hour RSI (59.1) is nearing the overbought threshold of 60, indicating a potential need for a pullback in the short term.
EMA: The price is stable above the 4-hour EMA30 (3785.1), and the EMA7 (3803.9) is about to cross above the EMA30. Watch for support at the 1-hour EMA120 (3782.5) during the day.
Volume:
A breakout occurred at 3810 with increased volume (67775), but the volume near 3850 has shrunk (64355), indicating insufficient absorption at high levels.
In the 1-hour level, after an increase in volume to reach the high (34217) during the morning session, the recent volume has continued to decrease (6267), raising concerns about the risk of a pullback on low volume.
(Note: Key integer levels are 3850/3800, with the previous peak at 3941 acting as potential resistance. Consider stop-loss 10 points below the low of 3740 from 4 hours ago.)
Point strategy in the next post!
