ETH 4-hour K-line analysis: Bears are gathering strength, RSI oversold indicates a rebound opportunity

【CryptoWorld】ETH’s recent 4-hour trend shows mixed signals. The price has slightly risen compared to 16:00 on December 17 but has pulled back since 12:00 on December 17. The candlestick pattern indicates a large bearish candle followed by a bullish one, with the closing price above the opening price. However, trading activity is cooling down—volume has significantly decreased compared to previous hours, with price and volume both declining, indicating insufficient market activity.

What do technical indicators say? MACD has not yet formed a clear direction, but the histogram remains negative and is gradually lengthening, suggesting that bearish momentum is accumulating. KDJ is in the neutral zone (value 56), with no golden cross or death cross signals for now. RSI has fallen below 30, which usually indicates an increasing likelihood of a rebound—oversold conditions often signal a turning point.

From a trading perspective, the current situation shows a divergence between volume and price, making the market feel somewhat sluggish. Based on this 4-hour indicator system, the main reference points are as follows:

Long Position: Consider placing buy orders around 2820.28 or 2799.0, with a stop-loss set at 2806.18; target levels are 3156.73 or 3154.0.

Short Position: If a breakdown occurs, set the stop-loss at 3172.51, with support confirmed at 2799.0 and resistance at 3154.0.

This 4-hour trend reflects ongoing tug-of-war between bulls and bears, but the shrinking volume indicates participants are watching cautiously. A true breakout may still require waiting for clearer signals.