ETH Trend Analysis

Summary: After ETH broke the range during the day, it accelerated its decline, dropping to around 3960 at the lowest. On the 15M, 30M, and 1-hour levels, a bullish divergence has formed. After a stop in the small cycle, there is a demand for a rebound. For those wanting to play short-term long positions, this is an opportunity to enter. From the 4-hour level perspective, ETH still has one wave of downward movement that is not completed. After a rebound in the evening, it will follow through with an unfinished wave of decline.
Evening Strategy: Short near ETH 4130, target 4000 3900.
K-line pattern:
The 1-hour level EMA7/30/120 moving averages are in a bearish arrangement, with prices consistently pressured below the EMA7. The short-term rebound highs are gradually descending (4052→4030), indicating a continuation of the downward trend. A long lower shadow bearish candle appeared on the daily chart (lowest point on September 25 at 3966), but the closing price failed to break above the 4050 integer level, forming a weak rebound structure.
Technical Indicators:
MACD: The 1-hour level DIF and DEA dual lines are accelerating downwards, with the histogram expanding to -15.44. After the death cross at the daily level, the histogram reached -126.19, indicating strong bearish momentum. RSI: The 1-hour level RSI14 has continuously remained below the oversold threshold of 35, while the daily level at 34.62 has not reached the oversold zone, leaving room for further decline. EMA: At the 1-hour level, the price is forming dynamic resistance with EMA7 (4031), and the daily EMA30 (4351) has a nearly 8% price difference with the current price of 4028, indicating a clear mid-term bearish trend.
Trading Volume:
The one-hour level experienced a sharp drop (with a single hour of 69,000 coins at 12:00) accompanied by a significant trading volume, but during the rebound, the volume suddenly decreased to below 3,000 coins, indicating that the selling pressure has not been fully released. On the daily level, the trading volume on September 25 was 366,000 coins, slightly increasing from the previous day's 354,000 coins, showing a weak signal of price decline with increasing volume. #ETH