Phân tích kỹ thuật nến 4 giờ ETH: Sức mạnh tăng giá xuất hiện nhưng cần đề phòng rủi ro điều chỉnh

【Coin Circle】I took a look at Ethereum’s 4-hour trend chart recently, and there are quite a few details worth examining.

From a K-line perspective, this period presents an overall pattern of large bullish candles, with the final candle closing in positive territory, with the closing price above the opening price. Interestingly though, the price has risen slightly compared to 2026-01-06 16:00, but it has declined compared to the 2026-01-06 12:00 level, and even shows a pullback versus 2026-01-05 20:00.

On the trading volume side—pay attention here—volume has shown some contraction in recent hours, with a declining trend. This presents a classic phenomenon: price rising while volume declining, a typical weakening uptrend momentum signal.

Looking at technical indicators:

MACD Currently shows no particularly clear trend, but the histogram remains positive and gradually lengthening, indicating that bullish strength is still relatively sufficient.

KDJ indicator Has already formed a death cross, presenting an overall neutral status. KDJ values are stuck at 69, still with room to rise.

Moving average system This is quite favorable for bulls—MA10 value is greater than MA30 value, whether at 2026-01-06 16:00 or 20:00, this structure is maintained, indicating the short-term trend is upward.

RSI indicator Currently exceeding 70, which typically means the market may spike higher and then pull back. Need to be cautious here.

From specific operational levels:

If you’re bullish on the follow-up, consider two buying opportunities—3132.0 and 3005.8307. For long positions, set stop loss at 3003.24.

Conversely, if thinking of selling, two target levels: 3288.0 as the first sell point, 3343.0 as the second sell point. For short positions, place stop loss at 3313.32.

Support level at 3084.0, resistance level at 3288.0. The recent 4-hour high is 3296.84, low is 3018.33. Fluctuations within this range show quite regular patterns.

In summary, bulls still have strength, but volume contraction and RSI exceeding 70 are both signaling: the current rally lacks momentum, and the possibility of a spike followed by pullback in the near term is not small. Consider accumulating near support levels and wait for clearer buying opportunities to emerge.