ETH 4-hour chart falls below key support, can 2825 hold?

[Coin World] ETH's 4-hour line is a bit fierce this time, compared to the bearish belt hold directly on November 30 at 4 PM, it even pierced through the low point of the 29th. The last closing line was also bearish, indicating a definite falling trend.

The trading volume has indeed increased, but the problem is that while prices are rising, the volume is not—now we have falling prices with increasing volume, indicating significant selling pressure. From a technical perspective, the MACD histogram has been extending longer in the negative zone, clearly showing that the bearish forces are dominant. Although the KDJ hasn't shown any clear golden or death cross signals, the values have already soared to 88, which is in the overbought range.

Note a few key points: Support is seen at 2913 and 2825, with the former being the recent support level and the latter being the lowest point and the first buying reference price. If you're really looking to bottom out, you should consider stopping loss below 2811.

Resistance is around 3098 and 3073, with the highest point at 3073.77 being a previous resistance level, and 3098 serving as a second sell reference. If shorting, it's safer to set the stop loss above 3089.

To be honest, the current market situation is a bit tangled, with signs of bottom probing, gap openings, and breakdowns all appearing. Caution is the main approach in the short term.