#Eth #btc ETH trend analysis

Summary: After ETH broke below the range during the day, it accelerated its decline, dropping to around 3960 at its lowest. On the 15M, 30M, and 1-hour levels, a bottom divergence has formed. After the short-term stop decline, there is a demand for a rebound. For those looking to play a short-term long position, this is an opportunity to enter. From the perspective of the 4-hour level, ETH still has another wave of downward movement that has not been completed. After the evening rebound, it will show an unfinished wave of decline.
Evening Strategy: Short around ETH 4130, target 4000 3900.
K-line pattern:
The EMA7/30/120 moving averages on the 1-hour chart are in a bearish arrangement, with the price consistently pressured below the EMA7. The short-term rebound highs are gradually declining (4052→4030), indicating the continuation of a downtrend. A long lower shadow bearish candlestick appeared on the daily chart (the lowest on September 25 was 3966), but the close was unable to stay above the 4050 integer level, forming a weak rebound structure.
Technical Indicators:
MACD: The 1-hour level DIF and DEA dual lines are accelerating downward, with the histogram expanding to -15.44. After the death cross at the daily level, the histogram reaches -126.19, indicating strong bearish momentum. RSI: The 1-hour level RSI14 remains below the oversold threshold of 35, while the daily level is at 34.62, not reaching the oversold zone, still having downside potential. EMA: The price at the 1-hour level forms dynamic resistance with EMA7 (4031), and the daily EMA30 (4351) creates a nearly 8% price difference with the current price of 4028, indicating a clear medium-term bearish trend.
Trading Volume:
The one-hour level saw a sharp decline period (69,000 pieces in one hour at 12:00) accompanied by a massive trading volume, but during the rebound, the volume suddenly dropped to below 3,000 pieces, indicating that the selling pressure has not been fully released. On the daily level, the trading volume on September 25 was 366,000 pieces, a slight decrease from the previous day's 354,000 pieces, showing a weak signal of price decline and volume increase. Preparing for a bloodbath.