【4 hours $ETH trend analysis】
1. K-line pattern:
- Recently, prices have shown a fluctuating upward trend. On December 9th, a large bullish candle broke through the previous high, followed by a brief consolidation around 3300.
- On December 10th, the K-line closed with a small bearish candle, showing clear signs of a high-level pullback, but overall it remains within the upward channel.
2. Technical indicators:
- MACD: In the 4-hour cycle, both DIF and DEA averages are diverging upwards, and the momentum bars are gradually shortening, indicating a weakening of bullish strength and a need for adjustment.
- RSI: The RSI14 slightly retreated after approaching the overbought zone of 70, currently maintaining between 67-68, suggesting that there is some pullback pressure in the market.
- EMA: Current prices are running above EMA7, EMA30, and EMA120, with EMA7 and EMA30 maintaining a golden cross state, and the upward trend is not broken. EMA7 (3265) serves as short-term support.
3. Trading volume:
- On December 9th, trading volume significantly increased, accompanied by a rapid price rise, indicating strong capital momentum.
- On December 10th, trading volume shrank, with prices consolidating at high levels, and market sentiment of wait-and-see increased.
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