ETH 4-hour technical analysis: current trend and trading opportunities

【CryptoWorld】Looking at the recent 4-hour ETH trend, from the hourly chart on December 17th, there has indeed been a significant rebound, but compared to noon at 12:00, there has been a pullback. The last candlestick is a bearish candle, closing below the opening price.

Trading volume is worth noting—over the past two hours, the volume has been shrinking and is noticeably lower than in previous hours. What does this scenario of declining price and volume indicate? It suggests that market enthusiasm is clearly lacking, and few people are actively trading.

From a technical perspective, the MACD histogram remains in the negative zone, but the bars are gradually shortening, indicating that the bearish momentum is weakening and the bulls are quietly gaining strength. The KDJ indicator currently shows no clear signals, remaining in a neutral state, with the KDJ value at 27, in the lower region. Especially, RSI has fallen below the 30 line, which typically signals a high possibility of a rebound.

Based on the 4-hour candlestick technical analysis, the current support and resistance levels are as follows:

Buy Opportunities:

• First buy point at 2820.28
• Second buy point at 2784.0
• Corresponding long position stop-loss set at 2806.18

Sell Plan:

• First sell target at 3156.73
• Second sell target at 3143.0
• Short position stop-loss set at 3172.51

Key Levels:

• Recent support: 2784.0
• Recent resistance: 3143.0
• Recent high: 3156.73
• Recent low: 2820.28

Overall, ETH is currently in a consolidation phase. The shrinking volume combined with the bottom features of technical indicators suggest that a rebound window is opening. In the short term, watch for resistance around 3143-3156, with the main support at 2784-2820.