Interpretation of ETH Trend Using 1-Hour Candlestick Cycle

[Price Trend Analysis]

1. Candlestick Patterns:

Recently, a series of bullish 1-hour candles broke through the 3100 round number, forming a short-term high near 3139, indicating a need for a pullback.

On the daily chart, a strong bullish candle on December 3 broke through 3000, and the current structure is high-level consolidation. The 3150-3050 range is a key zone.

2. Technical Indicators:

MACD: On the 1-hour chart, DIF and DEA are converging above the zero line (3.7/2.8), indicating weakened bullish momentum; on the daily chart, the golden cross remains after a bullish divergence (-52.8/-98.3).

RSI: 1-hour RSI(14)56.2 is not overbought, but the 4-hour chart has tested the 60 resistance three times; daily RSI is 50.7, neutral to slightly bullish.

EMA: 1-hour EMA7(3122.7)>EMA30(3114.7)>EMA120(3084.2), with all three lines in a bullish alignment; on the daily chart, EMA30(3143.6) acts as resistance.

3. Trading Volume:

On the 1-hour chart, volume surged above 150,000 when breaking 3100, but at the 3139 high, volume dropped to 70,000, indicating price-volume divergence.

On the daily chart, the December 8 high of 3179 was accompanied by a 4.29 million trading volume; current volume has shrunk to 1.46 million, showing weak upward momentum.

[Buy/Sell Levels]

Buy Entry 1: 3100 USDT (round number support, strong support zone between EMA30(3114.7) and EMA120(3084.2))

Buy Entry 2: 3075 USDT (above previous swing low of 3066.17, EMA120(3084.2) pullback level)

Long Stop Loss: 3050 USDT (trend reversal confirmed after breaking below previous low of 3066.17)

Sell Entry 1: 3150 USDT (daily EMA30 resistance at 3143.6, round number selling pressure)

Sell Entry 2: 3175 USDT (resistance area below December 8 previous high of 3179.99)

Short Stop Loss: 3200 USDT (potential for accelerated upside after breaking previous high of 3179.99)

ETH 1-hour price trend: sideways