ETH 4-hour 【Price Trend Analysis】

Candlestick pattern:
Recently, prices have experienced a significant pullback from the high level, forming a downtrend.
During the period from December 16th to 19th, the K-line showed a long upper shadow and a relatively large bearish candle, indicating heavy selling pressure in the market.
Technical indicators:
MACD: The current MACD histogram is negative and continues to expand, indicating that the bearish momentum is strengthening, and may continue to decline in the short term.
RSI: RSI is approaching the oversold zone, but has not yet entered the extreme area, suggesting there is still further downward space.
EMA: The price has fallen below the EMA7, EMA30, and EMA120 moving averages, indicating a strong downward trend, with a bearish alignment of the moving average system.
Trading Volume:
Significant increase in trading volume on December 18th, accompanied by a sharp decline in prices, indicating an intensification of market panic.
Subsequently, the trading volume decreased, indicating an increase in market wait-and-see sentiment, and the short term may face consolidation and volatility.
【Buy/Sell Points】
Buy point 1: 3550 USDT (close to the previous low point 3540, supported by the psychological level)
Buy point 2: 3500 USDT (further probing to stronger integer support)
Long position stop loss: 3475 USDT (important support level after breaking through the second entry point)
Sell Point 1: 3800 USDT (close to recent rebound high and EMA30 resistance)
Sell Point 2: 3900 USDT (near the previous short-term high point and psychological resistance)
Short position stop-loss point: 3950 USDT (a new upward trend may form after breaking through sell point two)
Price Alert
4-hour price trend of ETH: falling
Analysis based on data model deduction, does not constitute investment advice, for reference only!