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

[Price Trend Analysis]

1.Candlestick Patterns:

In the last few hours, the Candlestick has shown a slight decline, forming a short-term bearish line, indicating that the market is under pressure.

The previous high point of 3032.83 has not been broken, causing the current price to encounter selling pressure around 3020.

2. Technical Indicators:

The MACD shows a weakening of bullish momentum, with DIF and DEA slightly converging, and the MACD histogram gradually shrinking, indicating a possible shift to a correction trend.

The RSI is at 57.5, still in the oscillation range, but close to the overbought area, so caution is needed regarding the risk of a pullback.

The EMA (7) is at 3027.7, above the EMA (30) and EMA (120), indicating that the short-term trend remains bullish, but attention should be paid to the validity of the support level.

3. Trading Volume:

The current trading volume is 19883, which is a decrease from the previous hour's 68028, indicating a decline in market activity.

Overall trading volume has shown a decline, which may lead to difficulty in maintaining price levels. The market is currently observing the situation.

[Buy and Sell Points]

Buy point 1: 3000 USDT (The current price is close to the previous low point of 3022.16, which provides a support role for a pullback, suitable for those seeking a rebound opportunity.)

Buy point two: 2980 USDT (if it drops more than 1% compared to the first buy point, further buying opportunities can be sought; if the downtrend continues, it will reduce risks.)

Long stop-loss point: 2975 USDT (set below the second buying point to protect fund safety and limit losses.)

Sell Point 1: 3050 USDT (Target above recent high of 3032.83, ensuring enough profit margin, suitable for short-term gains.)

Sell Point Two: 3070 USDT (Above Sell Point One, higher and making profits obvious, helps to realize gains.)

Short stop loss point: 3080 USDT (a bit higher than the second selling point, plus a little for safety margin, ensuring that if the market trend changes, the stop loss can be executed in time.)

ETH's 1-hour price trend: Down