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ETH [Price Trend Analysis]
K-line shape:
A long upper shadow line (near 3240) appears at the 4-hour level, indicating the presence of selling pressure above 3200.
The daily chart closed positive for three consecutive days, but today it surged and fell back, forming the prototype of a "meteor line".
Technical Indicators:
MACD: At 4 hours DIF (64), DEA (31) was crossed, but the volume of the columnar body decreased; The daily MACD (114) remains negative, indicating an unconfirmed reversal in the major cycle.
RSI: 4-hour RSI (70) hits overbought zone, 1-hour RSI (68) deviates from the top twice.
EMA: The price has fallen below the 4-hour EMA7 (3133), and the 30 day moving average (3010) forms dynamic support.
Turnover
During the 4-hour surge period (12/04 04:00), the volume increased by 123k, but the latest K-line contracted to 19k, indicating insufficient momentum for chasing the rise.
The daily chart level has experienced a gradual decline in volume and energy levels over the past three days (553k → 104k), indicating a divergence between price and volume.
[Trading Point]
Buy Point 1: 3100 USDT (4-hour EMA30 support level 3010 overlaid with integer level, with a previous low of 3086 forming a buying zone)
Buy point 2: 3050 USDT (daily EMA30 dynamic upward position+50 integer psychological support after sharp decline)
Long stop loss point: 3025 USDT (below the buy point of 25 USDT and below the low point of 3030 in the 12/03 band)
Sell Point 1: 3220 USDT (4-hour long shadow high below 3240 USDT pressure level, RSI top divergence confirmed)
Selling point 2: 3250 USDT (1-hour EMA120 resistance 2998 converted to break through the target level of the box after flipping)
Short stop loss point: 3280 USDT (previously high of 3240 before breaking through, then moved up by 40 USDT to prevent false breakthroughs)
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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.