ETH 4-Hour K-line Analysis: Oversold Signal Emerges, Summary of Long and Short Trading Reference Points

【Crypto World】Looking at ETH’s recent 4-hour trend, there are a few points worth noting. The price is generally fluctuating, with a significant increase compared to 16:00 on the 20th. Although there has been some adjustment since 12:00, it is still lower than 16:00 on the 19th. The last candlestick is a bullish candle, closing higher than the opening price, showing a clear large bullish body.

Trading volume is interesting—recent trading volume has been shrinking, significantly decreasing compared to a few hours ago. This creates a “volume and price decline together” pattern, indicating that market activity is not very lively and buying momentum is somewhat lacking.

From technical indicators, the MACD histogram has been hovering in the negative zone, but the width is gradually decreasing, suggesting that the bulls are slowly gaining strength and a rebound may be imminent. The KDJ indicator has shown a death cross signal, and the RSI has fallen below 30, which usually indicates an oversold market, potentially leaving room for a rebound. However, MACD has not yet confirmed a clear trend.

Based on these indicators, the trading suggestions are as follows: If you want to go long, consider buying at 2939.88 or 2949.0, with a stop loss below 2925.18. If bearish, target selling at 3346.56 and 3437.0, with corresponding stop losses at 3363.29. Recent support is at 2949.0, resistance at 3437.0, the highest point is 3346.56, and the lowest point is 2939.88.