Interpret the ETH trend with a 1-hour candlestick period.

[Price Trend Analysis]

1. K-line pattern:

Recently, the price has experienced slight fluctuations, currently relying around 2840, with support.

Yesterday's candlestick showed a significant pullback potential, but the closing price slightly increased, indicating that the market has not clearly lost buyer confidence.

2. Technical Indicators:

MACD: Currently, the MACD is in the negative zone, and both the DIF and DEA are showing a downward trend, indicating that there is still selling pressure in the short term.

RSI: The RSI value is 29.70, just entering the oversold area, which may lead to a short-term rebound, but it is necessary to be cautious of ongoing downward pressure.

EMA: EMA7 (2845.34) is slightly above the current price, forming a short-term resistance level; EMA30 and EMA120 provide strong support at 2918.18 and 2967.73, respectively.

3. Trading Volume:

Recent trading volume has increased, especially notable in the data from the previous hour, rising to 19575, indicating enhanced market activity. However, it is still necessary to monitor whether this volatility will have a sustained impact on prices.

Overall, yesterday's trading volume reached 26,319, maintaining a relatively high level, indicating the current active trading state.

[Trading Points]

Buy Point 1: 2830 USDT (The current price is close to the previous low, and the RSI is in the oversold area, a rebound may occur.)

Buy point two: 2815 USDT (further testing of support levels, with significant space to attract buying interest while maintaining a profit margin of over 1%).

Long stop loss point: 2800 USDT (set below the buying point two to prevent greater losses caused by further market decline, ensuring the safety of funds.)

Sell Point 1: 2870 USDT (Rising to the vicinity of EMA7 forms a pressure position, suitable for locking in profits.)

Sell point 2: 2900 USDT (the expected target for further increasing positions and profiting when it breaks strongly, providing considerable profit margin.)

Short stop loss point: 2910 USDT (set above the second selling point to counter sudden upward trends with a reasonable stop loss to prevent losses.)

ETH's 1-hour price trend: sideways