Interpreting ETH Price Movement Using 1-Hour K-Line Chart

【Price Trend Analysis】

1. K-Line Pattern:

Recently, a long lower shadow appeared on the 1-hour chart (e.g., at 05:00, the low was 2895.82, quickly rebounding to 2944.18), indicating strong support at the 2900 level.

The daily chart closed bullish for two consecutive days but with obvious upper shadows (26th high of 2951.21 to close at 2930, 27th high of 2957.04 to close at 2930), with significant resistance at the 3000 level.

2. Technical Indicators:
MACD: On the 1-hour chart, DIF crossed below DEA to form a death cross (23:00 data 2.90/4.60), but the daily MACD green bars continued to shrink (-71.6→-82.8→-93.48).

RSI: The 1-hour RSI14 oscillates near the midline of 50 (55.56), while the daily RSI41.63 remains in a weak zone.

EMA: The 1-hour EMA7 (2920.87) crossed above EMA30 (2917.35), but the price is suppressed by EMA120 (2944.24); the daily EMA7 (2955.12) has crossed below EMA30 (3064.09), confirming a bearish market structure.

3. Volume:
Volume at key levels: When breaking through 2900 on the 26th, the hourly volume was 29k (22:00), but testing 2950 on the 27th saw volume shrink to 19k (23:00).

Daily level: Volume increased on the 26th (485,169), but shrank by 52% on the 27th (230,580), indicating a divergence between price and volume.
【Buy and Sell Points】

Buy Point 1: 2900 USDT (Multiple tests of the 2900 level on the 1-hour chart without breaking, supported by EMA30 at 2917 and long lower shadows confirming buying interest)

Buy Point 2: 2875 USDT (Below the previous low of 2895.82, at the 50 level, meeting the 1% interval requirement and close to daily support)

Long position stop-loss: 2850 USDT (25 USDT below buy point 2, less than half the interval between buy points (50/2=25), and below the 26th low of 2812)

Sell Point 1: 2950 USDT (Three rejections at the 2950-2960 zone on the 1-hour chart, with EMA120 resistance at 2944 and daily upper shadow pressure)

Sell Point 2: 2980 USDT (Breakout of the previous high at 2970, in a trap zone, the last resistance before the 3000 level)

Short position stop-loss: 3010 USDT (30 USDT above sell point 2, meeting the spacing rule, and a break above the 3000 psychological level indicating a trend reversal)
ETH 1-Hour Price Trend: Sideways