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ETH [Price Trend Analysis]
K-line shape:
A long shadow appeared at the 4-hour level (04:00 on December 2nd), indicating strong support in the 2700 area;
Three consecutive bearish candlesticks on the daily chart have fallen below the key moving average of EMA120, forming a bearish pattern;
Technical Indicators:
MACD: The 4-hour DIF and DEA continue to expand after a dead cross below the zero axis, and the daily MACD histogram accelerates its decline;
RSI: 4-hour RSI (14) 34.71 is in a weak zone but not oversold, and the daily RSI 33.22 is close to the oversold threshold;
EMA: Prices run below EMA7/30/120 in all cycles, with a 4-hour EMA30 (2918) forming a strong pressure;
Turnover
On the day of the sharp decline (December 1st), the trading volume reached 1.88 million, which is three times the recent average and characterized by panic selling;
The current rebound volume is only at the level of 100000, which belongs to the weak repair nature;
Buy Point 1: 2750 USDT (previously low at 2718 and supported by the integer level)
Buy point 2: 2700 USDT (key integer+oversold rebound demand after sharp decline)
Long stop loss point: 2680 USDT (2% buffer space after falling below the previous low of 2718)
Sell Point 1: 2850 USDT (1% pressure level below EMA30 moving average 2918+daily gap starting level)
Sell Point 2: 2900 USDT (EMA30 moving average 2918 resistance+4-hour level high selling pressure zone)
Short Stop Loss Point: 2930 USDT (Add 1% margin after breaking through EMA30 moving average)
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Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.