#Crypto Market Pullback #Gate Alpha ESPORTS Points Airdrop #Jackson Hole Meeting Is the ETH hourly cycle building a downward center?

Price Trend Analysis
K-line pattern:
1-hour level: Recently formed a double bottom structure (4060/4067), rebounding to 4188 after breaking through the neckline at 4130, but facing resistance at the 4200 round number.
Daily level: After the large bearish candlestick on August 19 (4355→4067), a long lower shadow appeared, indicating a rebound of bulls after the selling pressure has been released, but the closing price still remained below EMA7 (4278).
Technical Indicators:
MACD: The DIF on the 1-hour level has crossed above the DEA forming a golden cross, but the daily MACD histogram continues to shrink (88→61), and the risk of a top divergence at the weekly level has not been eliminated.
RSI: The 1-hour RSI (46.96) is neutrally weak, the daily RSI (54.77) is not overbought, but after three top divergences on the 4-hour level, it has pulled back.
EMA: The price is being suppressed by the 1-hour EMA30 (4199), the daily EMA7 (4278) has crossed below the EMA30 (3974) forming a death cross, and the monthly EMA120 (3123) remains as long-term support.
Trading Volume:
Key reversal day (August 19) saw a volume of 106k, while the rebound on August 20 decreased to 49k, indicating a divergence between volume and price.
The 1-hour level broke through 4130 with a volume of 25k, but the volume dropped sharply above 4180, indicating insufficient support at high positions. #ETH