ETH 4-hour chart short positions make a strong push, these price levels need to be followed closely.

[Coin World] The recent 4-hour trend of ETH is quite interesting. Compared to the same period on November 29, there was a rebound, but it still fell quite a bit compared to the wave at 16:00 on the 30th, resulting in a bearish belt hold.

The trading volume has clearly increased, but the price is declining — this divergence between volume and price usually indicates increased selling pressure. On the technical side, the MACD histogram continues to be negative and is getting longer, indicating strong bearish momentum; the KDJ is currently hovering around 58, with no obvious golden cross or death cross signals, which is considered neutral to weak.

Key price level aspect:

• Support is seen around 2973, with 2914 being the recent low.
• Resistance at 3058, the previous high of 3073.77 also has significant pressure.
• Aggressive traders may consider accumulating long positions at 2841.7 and 2918.4 in batches, with a stop loss set at 2899.43.
• If you want to short, 3058 and 3099.6 are good positions, set the stop loss above 3089.14.

Overall, the short-term outlook is bearish with some fluctuations. It is recommended to operate with a light position for testing and to strictly set stop-losses.