ETH 4-hour 【Price Trend Analysis】

K-line pattern:
Recently, the K-line has shown a clear downward trend of oscillation, with the price gradually falling from the high point of 4039.99 to 3840.07.
On December 17, a long upper shadow appeared, indicating strong selling pressure at the high level, followed by a continued decline in price.
Technical Indicators:
MACD: The current DIF and DEA are both positive, but the MACD histogram has turned from positive to negative, indicating a weakening of bullish momentum and an increase in bearish strength.
RSI: The RSI value has dropped to 41.71, approaching the oversold zone. There may be a demand for a rebound in the short term, but overall it is still in a weak area.
EMA: The price falls below EMA7 (3902.49) and EMA30 (3914.19), and approaches EMA120 (3770.32), indicating a bearish short-term and medium-term trend.
Trading Volume:
The trading volume on December 17th significantly increased to 962,170, accompanied by a price decline, indicating a significant selling pressure in the market.
Subsequently, the trading volume has decreased, indicating a cautious market sentiment and a strong atmosphere of observation.
【Buy/Sell Points】
Buy point 1: 3750 USDT (close to EMA120 support level, the integer threshold may form buying pressure)
Buy point 2: 3700 USDT (near the previous low point, with strong support after further testing)
Long stop-loss point: 3675 USDT (below the important psychological level of 3700, to prevent deep correction risk)
Sell Point 1: 3950 USDT (close to the recent high pressure zone, the integer level may generate selling pressure)
Sell point 2: 4000 USDT (a significant round number that has been a resistance level multiple times in history)
Shorting stop-loss point: 4050 USDT (Break through the key resistance area after 4000, to avoid trend reversal)
4-hour price trend of ETH: decrease
Analysis based on data models is for reference only and does not constitute investment advice!