📊 ETH/USDT 4H Technical Deep Dive

1. Trend Structure and Moving Average Patterns

The price has been declining unilaterally from the previous high of 3,403.00 USDT, finding support at 2,866.50 USDT, and has entered a rebound correction phase. Currently, the price stabilizes above the 2,950 USDT level. The short-term MA5 and MA10 form a golden cross, and the price has moved above the short-term moving averages, indicating that short-term bullish momentum is temporarily dominant; however, the MA20, MA30, MA50, and MA100 remain in a bearish arrangement, with the price being suppressed by the MA20 (3,042.49 USDT). The medium-term downward pressure has not been alleviated. This correction is purely an oversold technical rebound, and a trend reversal remains to be confirmed.

2. Volume-Price Relationship and Capital Flow

During the rebound phase, trading volume has increased moderately compared to the decline phase. The volume moving averages have turned upward in sync, indicating capital returning to the market and accumulation of buy orders at low levels. Short-term funds are beginning to position. However, the volume has not experienced a breakthrough expansion, and the strength of capital support for a trend reversal is insufficient. Most of the recent volume increase is due to short-term funds covering previous positions, not large-scale entry of new trend-following capital. Caution is advised for potential volume contraction and a pullback after a high.

3. Multi-Dimensional Technical Indicator Verification

• MACD: DIF and DEA are closely aligned below the zero line. After the green bars gradually narrowed, red bars appeared, indicating a slight recovery in short-term bullish momentum. The indicator has not yet broken above zero; this is only a weak rebound signal. A trend reversal requires the indicator to effectively cross above zero and for the red bars to continue expanding.

• RSI: Currently at 35.2, in a neutral to slightly weak zone, not yet entering overbought or oversold territory. There is still potential for a short-term rebound, with no clear signs of momentum exhaustion. Attention should be paid to any upward turning signals; if the RSI encounters resistance near the 50 level and falls back, it is likely to trigger a phase correction.

4. Key Price Levels and Market Dynamics

Resistance Levels

1. 3,042 USDT: The MA20 acts as an immediate resistance, representing the first critical barrier for a short-term rebound. A valid breakout requires volume support; without volume, upward attempts are likely to encounter resistance and fall back.

2. 3,178 USDT: The MA100 acts as a core level for medium-term trend reversal. A volume-supported stabilization above this level would break the medium-term bearish pressure and open up further upside space.

Support Levels

1. 2,979 USDT: The MA5 support level, also the lower boundary of the recent rebound consolidation platform, is an important short-term bullish defense level. Falling below this would weaken the rebound trend, trigger short-term long exits, and lead to sideways movement.

2. 2,866.50 USDT: The previous low during the decline and the starting point of this rebound, representing a short-term trend watershed. A confirmed break below this level would mean the rebound has failed, and the price would resume downward movement.

Overall, ETH/USDT on the 4-hour chart is in a correction rebound phase after being oversold. Short-term bullish momentum has shown signs of recovery, but medium-term moving averages still exert resistance. The subsequent trend depends critically on whether the volume can break through the 3,042 resistance level and the strength of support below. The combination of volume and price action will be key to the continuation of the trend.#Gate每10分钟送1克黄金