Price Trend Analysis

Conclusion: ETH is forming a central consolidation in the 4-hour cycle, waiting for the direction selection in the future market, with a fluctuation range of 4450-4650.
K-line patterns:
1-hour level: Recently oscillating in the 4500-4550 range, with 4557.67 forming a short-term resistance level and 4464 constituting key support. After a long lower shadow (4430.59) appeared at 9 PM on the 16th, a rebound occurred, indicating buyer intervention.
Daily level: After the significant breakout on September 12, there has been a continuous 3-day pullback testing the 4500 integer level. On the 17th, a long upper shadow was recorded (4557.67), indicating selling pressure at high levels. The overall trend remains in an ascending channel, but there is a short-term need for a pullback.
Technical Indicators:
MACD: The 1-hour level DIF (4.05) crosses above DEA, but the histogram shortens; the daily level shows a golden cross (72.82/70.95) but momentum weakens, beware of a top divergence.
RSI: 1-hour 52.21 neutral, daily 55.02 not overbought, but the 14-day high of 58.9 has declined, indicating a decrease in momentum.
EMA: 1-hour EMA7 (4521.78) crosses below EMA120 (4531.93), turning short-term bearish; daily EMA7 (4520.86) remains above EMA30 (4391.5), indicating that the medium-term trend is intact.
Trading Volume:
Key volume: A surge of 29,446 during the collapse at 10 PM on the 16th, followed by a peak of 28,579 at 2 PM on the 17th with decreased volume, indicating insufficient bullish momentum.
Daily level: The breakout volume of 510778 on the 12th is the recent peak, and the volume of 118416 on the 17th has significantly shrunk, indicating a lack of support for the upward movement. #ETH