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

[Price Trend Analysis]

1.Candlestick Pattern:

A long lower shadow appeared on the 1-hour level (21:00 low rebound at 3093.49), indicating that there is buying support at the 3100 round number.

The daily candlestick has shown three consecutive days of long upper and lower shadows (November 15-17), indicating fierce competition between bulls and bears.

2. Technical Indicators:

MACD: The 1-hour level DIF crosses above DEA (22:00 2.63>5.04), but the histogram remains negative (-4.83), and the daily MACD continues to be underwater (-50.04)

RSI: 1-hour RSI ( 14 ) 41.24 is in the neutral zone, daily RSI 33.95 is close to the oversold threshold.

EMA: 1-hour EMA7 (3157.3) crosses below EMA30 (3158.18), daily EMA7 (3213.74) and EMA30 (3570.73) form a death cross.

3. Trading Volume:

1-hour level, a sharp drop at 21:00 accompanied by a trading volume of 28.54 million (recent peak), followed by a rebound at 22:00 with a reduced volume of 11.22 million.

On the daily chart, the volume of the crash on November 16 reached 293 million, while the rebound on the 17th had a volume of 154 million, showing a decreasing volume characteristic.

[Buy/Sell Points]

Buy Point 1: 3100 USDT (The 3100 integer level has been verified multiple times as support on the 1-hour chart, confirmed by a long lower shadow at 21:00)

Buy point two: 3050 USDT (50-point buffer space below the previous daily low support level of 3067.46, meeting the 1% interval requirement)

Long stop loss point: 3030 USDT (30 points buffer after breaking the absolute low of 3001.48 on November 16, controllable risk)

Sell point 1: 3180 USDT (1-hour EMA30 resistance 22 points above 3158, combined with platform resistance between 20:00-21:00)

Sell point 2: 3220 USDT (6 points of space above the daily EMA7 resistance at 3213.74, close to the November 17 high of 3221.16)

Short stop loss point: 3240 USDT (20 points buffer after breaking the November 17 high of 3221, covering the daily EMA30 error margin)

(Note: All point intervals strictly adhere to the 1% profit margin requirement, and the stop-loss distance is 40%-50% of the entry interval.)

ETH's 1-hour price trend: sideways