Double Dog Top Divergence + Momentum Exhaustion! Is it a Trap for a Drop or a Genuine Decline?

Currently, the Double Dog pattern is anchored around 3279. At 4:53 AM Beijing time, the market has not yet reached the Northbound entry point and is consolidating sideways around 3300. Be alert to the possibility of a sharp dip to 3170. The main trend for this week has already concluded, and the remaining consolidation phase is ideal for swing trading—buying low and selling high. With proper risk management, profits can be captured.

On the daily K-line, the highest point before this report was 3385, and the lowest was 3269. The EMA trend indicator continues to contract, and it is expected that the bottom support will stabilize around 3170 before the end of the month. The upper Bollinger Band at 3370 forms an effective short-term resistance; consider positioning for a downward move near this resistance. For Northbound entries, wait until the EMA90 support at 3265 is broken downward before entering. The MACD shows continuous shrinking volume, indicating diminishing momentum, and the market is eager for consolidation and buildup.

On the four-hour K-line, the price has repeatedly been resisted at 3285, which is also the location of the EMA15 trend line, clearly forming an ascending flag pattern. The MACD divergence signal is clear, with volume decreasing continuously, and the DIF and DEA lines are converging. If the market breaks below the short-term support at 3285, a death cross may form, indicating a bearish trend. The upper Bollinger Band at 3450 and the middle support at 3250 are key levels; the upward channel has about 200 points of space. It is recommended to wait until the market loses the 3250 support before deciding whether to position for a Northbound move. #eth $ETH