Interpret the ETH trend with a 1-hour Candlestick period.

[Price Trend Analysis]

1. Candlestick patterns:

A long upper shadow bearish candlestick appeared on the 1-hour chart (from 21:00, 3501 dropped to 3426), indicating strong selling pressure in the 3550 area.

For three consecutive days, the daily level has closed with long shadows, forming a fluctuation range of 3400-3565, with the low point of 3377 constituting key support.

The monthly EMA7 (3503) and the daily EMA120 (3486) form a double resistance.

2. Technical Indicators:

MACD: 1-hour DIF crosses below DEA (22:00 -6.9), daily chart maintains dead cross (-7.0), bearish momentum strengthens.

RSI: Weak zone at 41.6 on the 1-hour chart, approaching oversold at 39.9 on the daily chart, showing mid-term neutrality at 54.4 on the monthly chart.

EMA: The 1-hour moving average shows a bearish arrangement (7/30/120EMA=3472/3474/3486), with prices constrained below all EMAs.

3. Trading Volume:

The 1-hour sharp drop period (21:00) had a volume of 45077, which is higher than the recent average, confirming the selling momentum.

The daily trading volume continues to shrink (390,000 → 550,000 → 660,000), the downward momentum is weakening but no reversal signal has appeared.

The monthly trading volume has sharply decreased (9.62 million → 620,000), reflecting a contraction of liquidity in the larger cycle.

[Buy and Sell Points]

Buy point 1: 3400 USDT (Integer round number support, key defense level above the previous daily low of 3377)

Buy point two: 3350 USDT (weekly level support zone, buffer zone below the low of 3371 on November 12)

Long Stop Loss Point: 3325 USDT (1% stop loss space below the previous low of 3371 to avoid false breakout)

Sell point 1: 3500 USDT (1-hour EMA120 resistance level and integer barrier dual pressure)

Sell point 2: 3550 USDT (Resistance area below the November 13 high of 3565, daily EMA7 resistance level)

Short stop-loss point: 3580 USDT (if it breaks above the previous high of 3565, the trend reverses, stop-loss covering the high point of the 1-hour shadow)

The 1-hour price trend of ETH: down