ETH 4-hour Line【Price Trend Analysis】

Candlestick pattern:
The price has been fluctuating in the range of 3370 to 3500 recently, showing a volatile trend.
Multiple long upper and lower shadows indicate strong selling pressure and support in the market.
Technical indicators:
MACD: Currently, both DIF and DEA are negative values, and the MACD histogram shows the dominance of bearish momentum, but with signs of weakening.
RSI: The RSI14 value is 45.20, which is in the neutral zone and has not entered the overbought or oversold zone.
EMA: The short-term EMA7 (3378.20) has formed a death cross with the medium-term EMA30 (3420.57) and the long-term EMA120 (3566.94), indicating a bearish short-term trend.
Trading Volume:
Recently, the trading volume has increased, especially on December 26th, where there was a significant increase in volume, followed by a drop.
The shrinkage adjustment after the increase in volume indicates that the market sentiment is cautious.
【Buy/Sell Points】
Buy point 1: 3300 USDT (near the previous low, integer support level)
Buy point 2: 3250 USDT (further down to a stronger support area, and close to the lowest price of December 23rd at 3214.81)
Long stop loss point: 3200 USDT (breaking the previous low and losing the whole number level)
Sell point 1: 3450 USDT (near the previous high, a significant resistance level)
Sell Point 2: 3500 USDT (further upward to a stronger resistance area, and close to the highest price of December 25th, 3547.01)
Short-selling stop-loss point: 3550 USDT (breaking through the previous high and stabilizing above the round number)
4-hour price trend of ETH: Sideways
Based on data model analysis, it does not constitute investment advice, for reference only.