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

[Price Trend Analysis]

1.Candlestick Patterns:

The daily chart shows a series of consecutive large bearish candles, with the price dropping from 3063 to 2833, forming a clear downtrend.

The hourly chart has formed a short-term double top structure near 2846, and then quickly broke below the 2800 integer level.

2. Technical Indicators:

MACD: The daily DIF and DEA continue to decline, with the MACD histogram expanding to -236, indicating strong bearish momentum. The hourly MACD accelerates downward after a death cross below the zero line.

RSI: The daily RSI 14 is at the edge of the 29 oversold zone, while the hourly RSI has weakly rebounded after multiple tests of the 20 level.

EMA: The price continuously breaks through EMA7(2885), EMA30(2976) and EMA120(3078), indicating a bearish alignment of the moving averages.

3. Trading Volume:

During the sharp decline, accompanied by an increase in trading volume (139,000 transactions at 00:00 on November 21, 121,000 transactions at 02:00), indicating panic selling.

The current rebound with reduced volume (trading at 78,000 at 03:00) indicates weak buying power.

[Buy and Sell Points]

Buy point one: 2750 USDT (previous low support below 2790, combined with RSI oversold rebound demand)

Buy-in point two: 2700 USDT (stronger integer level support, near the EMA120 monthly support level)

Long stop loss point: 2675 USDT (below the key integer level 2700 with reserved volatility space to prevent false breakdowns)

Sell point 1: 2880 USDT (EMA 7-hour level resistance + double top neckline resistance zone)

Sell Point 2: 2950 USDT (Previous wave low point 2961 resistance level + 30-day moving average convergence area)

Short stop loss point: 2980 USDT (confirm trend reversal after breaking the previous high of 2961, covering the Fibonacci 38.2% retracement level)

ETH's 1-hour price trend: down