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

[Price Trend Analysis]

1.Candlestick pattern:

The 1-hour level showed consecutive bearish candles, with the price accelerating downward after breaking through the key round number 3150, testing a low of 3070 before rebounding, but failing to stabilize above 3150, forming a weak oscillation structure.

The daily level has seen two consecutive days of large bearish candlesticks (November 13-14), completely engulfing the gains of the previous five trading days, forming a bearish engulfing pattern.

2. Technical Indicators:

MACD: The 1-hour level DIF and DEA continue to weaken below the zero axis, the daily level has formed a death cross with the histogram accelerating in size, and the monthly level DIF has crossed below the DEA forming a top structure.

RSI: The 1-hour level has been continuously below 40 in a weak zone, the daily level has fallen below 40 and entered the bearish area, and the monthly level has quickly retreated from the overbought zone to around 50.

EMA: The price at the 1-hour level continues to be constrained by the EMA7 (3156). At the daily level, the price has fallen below all EMA moving averages (7/30/120), and the EMA7 at the monthly level has started to turn downward.

3. Trading Volume:

During the 1-hour downtrend period (20:00), a volume peak of 79374 was observed, while the rebound period showed insufficient volume of less than ten thousand hands, presenting a pattern of increasing volume on the decline and decreasing volume on the rebound.

On the daily chart, there was a sharp drop on November 13 accompanied by a massive volume of 950,000 contracts. On the 14th, the continued decline saw the volume decrease to 520,000 contracts, indicating that the bearish momentum has weakened but there has not been effective support.

[Buy and Sell Points]

Long Strategy:

Buy Point 1: 3050 USDT (the previous segment low point below the integer support level of 3070, combined with the oversold rebound demand at the 1-hour level)

Buy point two: 3000 USDT (key psychological level, near the long-term support of the daily EMA120)

Long stop loss point: 2970 USDT (30 points below the 3000 integer level to prevent false breakouts, and meets the 1% interval requirement)

Short Selling Strategy:

Sell Point 1: 3180 USDT (1-hour EMA7 resistance above the integer level of 3156, near the previous rebound high of 3176)

Sell Point 2: 3250 USDT (daily EMA30 resistance near 3252, combined with integer level pressure)

Short stop loss point: 3280 USDT (30 points tolerance after breaking 3250 to prevent false breakout)

The 1-hour price trend of ETH: down