ETH 4-hour 【Price Trend Analysis】

Candlestick Pattern:
Recently, the K-line has shown a clear downward trend, especially with significant price fluctuations and long shadows between December 19th and 20th.
Between December 18th and 21st, the market experienced a rapid rebound, but overall it is still in a downward channel.
Technical Indicators:
MACD: The current MACD is operating in the negative zone, and both DIF and DEA are diverging downwards, indicating strong bearish momentum.
RSI: The RSI value is close to the oversold area (41.74), but has not entered an extremely oversold state. There may be a technical rebound in the short term.
EMA: EMA7, EMA30, and EMA120 are in a bearish arrangement, with the price below all the moving averages, indicating sustained downward pressure.
Trading Volume:
Trading volume on December 20th significantly increased to 2118047, accompanied by intense price fluctuations, indicating market panic.
Subsequently, the trading volume of several K-lines gradually decreased, indicating an increase in market wait-and-see sentiment and a decrease in trading activity.
【Buy/Sell Points】
Buy point 1: 3400 USDT (reason: close to the previous low, the integer level may form support)
Buy point 2: 3350 USDT (Reason: Further testing to a stronger support area, considering a gap of more than 1%)
Long position stop loss point: 3325 USDT (Reason: If it falls below this level, it indicates the failure of support, so stop loss should be done in time)
Sell Point 1: 3550 USDT (Reason: Approaching recent rebound high, the integer threshold may form resistance)
Sell Point 2: 3600 USDT (Reason: Upside space opened after breakthrough, next important resistance level)
Short-selling stop-loss point: 3625 USDT (Reason: If this level is broken, it indicates a trend reversal, so stop-loss should be done in time)
4-hour price trend of ETH: falling
Based on data model deduction, not constitute investment advice, for reference only!