ETH 4-Hour K-line Technical Analysis: Bull and Bear Trading Points Under MACD Weak Signal

【CryptoWorld】After reviewing the recent 4-hour ETH candlestick chart, I would like to share an overview of the current technical situation.

Price Movement Overview This wave of market movement is indeed a bit awkward. Compared to the midday price on December 18, the recent hours have shown a clear pullback, but there has still been some rebound compared to the afternoon of the 17th. The latest candlestick shows a large bullish candle closing higher than the open, indicating that the bulls are making an effort. But honestly, trading volume is shrinking at the same time, which is a bit uncomfortable—typical signals of a quiet market with low participation.

Technical Indicators Analysis The MACD performance best illustrates the issue: the histogram remains in positive territory, but its height is gradually diminishing, indicating that the bullish momentum is weakening. Currently, the candlestick does not show clear golden or death cross signals, and the overall position is in the neutral zone of KDJ (KDJ value at 42), so the trend direction is not yet clear.

Key Level Alerts Based on current data, several key levels to watch are:

• Support levels at 2785.0 and 2781.93, with 2781.93 being the recent low
• Resistance levels at 3022.0 and 3156.73 (recent high)
• For bullish setups, initial positions can consider around 2781.93, with a secondary level at 2785.0; stop-loss set at 2768.02
• For bearish positions, sell points are at 3156.73 and 3022.0, with a stop-loss at 3172.51

Overall, bullish signals are weakening, and the market still needs to confirm the direction.