The candlestick shows that the price is oscillating around 4000, with certain upper and lower shadows, indicating fierce competition between bulls and bears in this area. The pressure point above is at 4010 USDT (within the yellow box). A long bullish candlestick appeared on December 16, breaking through the previous high, but then fell back to around 4000, showing significant pressure above.
MACD: The 4-hour MACD shows a golden cross, with the price above the middle track, indicating that there is still upward momentum in the short term. However, the daily MACD is in the negative range, caution is needed for potential adjustment risks.
RSI: The 4-hour RSI is close to 60, not entering the overbought zone, indicating a neutral to bullish market sentiment. The daily RSI is around 64, slightly strong but not overheated.
Moving Averages: The current price is above the yellow 20 moving average, indicating a short-term upward trend; also above the 60 and 120, showing that the medium to long-term trend remains bullish. On December 16, trading volume significantly increased, accompanied by sharp price fluctuations, indicating enhanced capital activity. Subsequently, trading volume decreased in the following periods, indicating an increase in market wait-and-see sentiment, waiting for direction choice.
Medium to long-term traders [Buy/Sell Points]:
Buy Point 1: 3925 USDT (close to previous low, there is support, also near EMA30)
Buy Point 2: 3870 USDT (further probing near the low point of December 15, increasing safety margin)
Buy Point 3: 3770 USDT (near the purple 120 moving average)
$ETH (spot)
Short-term traders [Buy/Sell Points]:
Buy Point 1: 3925 USDT (close to previous low, there is support, also near EMA30)
Buy Point 2: 3870 USDT (further probing near the low point of December 15, increasing safety margin) Long position stop loss point: 3840 USDT (slightly below Buy Point 2, to guard against breaking important support level)
Sell Point 1: 4100 USDT (close to recent high, may encounter selling pressure)
Sell Point 2: 4150 USDT (upward space opens after breaking previous high, but need to beware of pullback risk) Short position stop loss point: 4180 USDT (slightly above Sell Point 2, to guard against false breakouts)
$ETH (contract)