ETH four-hour chart observation: Oversold signal appears, key level is at this.

[Coin World] Took a look at the recent 4-hour candles of ETH, quite interesting.

Starting from midnight on December 1st, the price actually went up for a while, but compared to around 4 PM on the 30th, it has dropped a bit. The last K-line formed a small bearish line, closing below the opening price. The trading volume, on the other hand, has increased significantly compared to the previous few hours — this combination of price decline and increased volume basically indicates that selling pressure is accumulating.

From a technical perspective, there are several indicators: the MACD is currently basically directionless, with the histogram continuously growing longer below the zero line, indicating that the bears are indeed in control. The KDJ has not shown any obvious golden cross or death cross signals, and the current value is around 45, which is considered a neutral position. However, the RSI has already dropped below 30, which usually indicates oversold conditions, theoretically suggesting the possibility of a rebound.

Key points summary: Support looks at the position of 2852, and below that is the recent low of 2825.77. If you want to bet on a rebound, you can pay attention to the two buy points of 2696.43 and 2780.68, with a stop-loss suggested below 2811.64.

The resistance level is at 3124, and the recent high reached 3073.77. If shorting, the exit points can be considered at 3124 and 3152.77, with a stop-loss above 3089.14 being relatively safer.

The current position is quite awkward - the indicators show overselling, but the trading volume is increasing along with the decline. In the short term, it may oscillate repeatedly in the range of 2852-3124, and we'll see what to do once the direction becomes clear.