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ETH 4-Hour K-Line Technical Analysis: Three Trading Opportunities in a Bearish Atmosphere
【Crypto World】How has ETH performed in the past 4 hours? Let's take a detailed look.
Price Trend Review
Compared to 4:00 PM on January 15, ETH experienced a slight upward movement, but by 8:00 PM it had retraced significantly. Compared to the same period the previous day, the overall trend was downward—a large bearish candlestick clearly indicates this. The last candlestick closed bearish, with the closing price below the opening price, showing a clear bearish sentiment.
Volume Is Speaking
Trading volume in the past few hours has noticeably decreased, significantly lower than earlier hours, with price and volume moving downward in sync. This combination usually indicates a quiet market with low participation.
Technical Indicators View
Regarding MACD, the histogram remains negative and is gradually lengthening, indicating strong bearish momentum. The KDJ indicator has not formed a clear golden cross or death cross, remaining neutral overall, with the KDJ value around 47. Looking at the moving averages—MA10 is already above MA30, suggesting short-term support, but based on data from 8:00 PM on January 15 to midnight, the overall trend still appears bearish.
Where Are the Trading Opportunities?
Based on these technical signals, BOSS Wallet provides specific trading suggestions:
Long Positions: The first buy-in point is at 3130.45, the second at 3101.38. If entering long, set the stop-loss at 3080.27.
Short Positions: The first sell point is at 3450.0, the second at 3394.7, with a stop-loss at 3384.26.
Key Levels: Current support is at 3093.0, resistance at 3450.0. The recent high is 3367.42, and the low is 3095.75.
Overall, ETH is currently in a weak consolidation phase, with short-term bears dominating. Traders can look for opportunities around these support and resistance levels, but must pay attention to risk management and strictly execute stop-losses.