Is the ETH hourly cycle building a downward center?


Price Trend Analysis
K-line pattern:
1-hour level: Recently formed a double bottom structure (4060/4067), rebounding to 4188 after breaking through the neckline at 4130, but facing resistance at the 4200 round number.
Daily level: After the large bearish candlestick on August 19 (4355→4067), a long lower shadow appeared, indicating a rebound of bulls after the selling pressure has been released, but the closing price still remained below EMA7 (4278).
Technical Indicators:
MACD: The DIF on the 1-hour level has crossed above the DEA forming a golden cross, but the daily MACD histogram continues to shrink (88→61), and the risk of a top divergence at the weekly level has not been eliminated.
RSI: The 1-hour RSI (46.96) is neutrally weak, the daily RSI (54.77) is not overbought, but after three top divergences on the 4-hour level, it has pulled back.
EMA: The price is being suppressed by the 1-hour EMA30 (4199), the daily EMA7 (4278) has crossed below the EMA30 (3974) forming a death cross, and the monthly EMA120 (3123) remains as long-term support.
Trading Volume:
Key reversal day (August 19) saw a volume of 106k, while the rebound on August 20 decreased to 49k, indicating a divergence between volume and price.
The 1-hour level broke through 4130 with a volume of 25k, but the volume dropped sharply above 4180, indicating insufficient support at high positions. #ETH#
ETH9.04%
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BrotherSuWillHelpYouvip
· 08-21 02:52
Buckle up and hold on tight, we're about to To da moon 🛫
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TooUglyvip
· 08-21 02:12
Analyze a chicken bar, jumping the gods. Hold on tight, it's about to da moon 🛫Hold on tight, it's about to da moon 🛫
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Sultan09vip
· 08-20 21:07
HODL Tight 💪
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GateUser-488cbe78vip
· 08-20 14:42
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Ybaservip
· 08-20 13:53
Hold on tight, we are about to To da moon 🛫
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Zlatanvip
· 08-20 06:30
Hold on tight, we are about to To da moon 🛫
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GateUser-03ba9b64vip
· 08-20 06:28
Just go for it💪
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GateUser-03ba9b64vip
· 08-20 06:28
Hurry up and enter a position!🚗
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