Interpreting ETH Price Trend Using 1-Hour K-Line

【Price Trend Analysis】

1. K-Line Pattern:

Continuous bearish candles on the hourly chart, with the price rapidly falling from the high of 3447 to the low of 3167, forming a short-term downward channel

On the daily chart, after a long bullish candle on December 9th, there have been three consecutive days of retracement, forming an Evening Star pattern

2. Technical Indicators:

MACD: On the hourly chart, DIF and DEA have a death cross below the zero line, with divergence expanding; on the daily chart, the red MACD histogram continues to shrink

RSI: The hourly RSI(14) drops below the 50 midpoint into the 33 oversold zone; the daily RSI retreats from 58 to 51

EMA: Price has fallen below all EMAs (7/30/120), indicating a bearish alignment

3. Volume:

During the sharp decline, a volume peak of 70,690 was observed at 04:00, consistent with the characteristics of increased selling volume

Recent rebounds have seen volume shrink to 4,800-11,000, indicating insufficient buying pressure

【Buy and Sell Points】

Buy Point 1: 3150 USDT (previous low at 3167, a key support level, combined with EMA120 support)

Buy Point 2: 3100 USDT (a critical round number and the 50% Fibonacci retracement on the daily chart)

Long position stop-loss: 3075 USDT (25 points below Buy Point 2 to prevent false breakouts and potential losses)

Sell Point 1: 3250 USDT (hourly EMA30 resistance, previous high resistance level)

Sell Point 2: 3300 USDT (a round number resistance, near the panic sell zone around 3324)

Short position stop-loss: 3350 USDT (50 points above Sell Point 2 to cover potential rebound space)

ETH 1-Hour Price Trend: Down