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

[Price Trend Analysis]

1.Candlestick Patterns:

Recently, the 1-hour level has seen a series of upward candlesticks, breaking through the previous high of 3154.6 and then retreating to test the support at the integer level of 3100, forming a short-term ascending channel with higher highs and higher lows.

On the daily level, a long lower shadow bullish candlestick was formed on November 18 (2946.56→3149.09), indicating strong support from bulls below 3000, but the EMA120 (3166.21) still poses resistance.

2. Technical Indicators:

MACD: The 1-hour level DIF crosses above the DEA (12.10/-5.19), the histogram turns red and expands (34.59), but the daily level is still below the zero axis (-215.37/-194.24), caution is needed for divergence between the small cycle and the large cycle.

RSI: The 1-hour RSI (63.33) has exited the oversold zone and entered the strong zone, while the daily RSI (36.86) remains low, allowing for potential continuation of the rebound.

EMA: 1-hour EMA7 (3111.15) golden cross EMA30 (3080.29), price stabilizes above the short-term moving average; daily EMA120 (3750.17) is inverted with the current price, suggesting that the long-term bearish trend remains unchanged.

3. Trading Volume:

The 1-hour level shows a significant increase in volume concentrated during key breakout periods (e.g., 23:00 with 58,777 contracts corresponding to a +48.55 USD surge), indicating the momentum of capital entering the market.

Daily trading volume decreased during the rebound (703,211 contracts vs. the previous trading day 762,500 contracts), reflecting insufficient willingness to chase higher prices at elevated levels, and sustainability needs to be verified.

[Buy and Sell Points]

Long Strategy

Buy point 1: 3100 USDT (integer level support, previous low 3099.39 resonates with EMA30 (3080.29))

Buying Point 2: 3060 USDT (EMA7 (3111.15) and EMA30 (3080.29) golden cross pullback level, 38.2% Fibonacci retracement from the low of November 18 at 2946.56 to 3149.09)

Long stop loss point: 3030 USDT (if it falls below the previous low of 3034 and the EMA30 support fails, within 1% of the buying point)

Short Selling Strategy

Sell Point 1: 3160 USDT (EMA120 (3166.21) resistance level, previous high 3168.91 forms a selling pressure area)

Sell point two: 3200 USDT (daily EMA120 (3750.17) downward trend extension pressure, psychological resistance at the round number)

Short stop loss point: 3230 USDT (breakthrough of the November 19 high of 3154.6 confirms trend reversal after the previous high of 3223.38)

Logical Verification

Buy point interval: 3100→3060 (1.3%), stop loss 3030 (0.98% interval, complies with ≤1/2 rule)

Sell point interval: 3160→3200 (1.26%), stop loss 3230 (0.94% interval, complies with ≤1/2 rule)

Both long and short stop losses are set outside key structural levels to avoid being swept by fluctuations.

ETH 1-hour price trend: sideways