ETH 4-Hour K-line Technical Analysis: Key Bull and Bear Levels Amid Price-Volume Divergence

【Crypto World】I took a look at the ETH price chart over the past 4 hours, and there are some details worth noting.

From the price movement perspective, it has clearly risen compared to the 16:00 position on December 12, but there has been a pullback from 08:00 to now, showing a small bullish candle pattern. The last candlestick closed above the opening price, indicating that the bulls are still trying. However, the trading volume isn’t very optimistic—recent trading volume has been shrinking and is lighter than in the previous hours, which is a typical volume-price divergence: both price and volume are moving downward, making the market look a bit dull with low participation.

Looking at the technical indicators, the MACD shows no clear direction; however, the histogram remains negative and is gradually getting shorter, meaning the bearish momentum is weakening and the bulls are quietly gaining strength. The KDJ indicator currently shows no golden cross or death cross, staying in a neutral state, with a KDJ value stuck at 43, reflecting that the downtrend has not reversed.

Based on recent data analysis, several key levels can be referenced:

Bullish side:

• First buy-in point at 2930.62
• Second buy-in point at 3025.51
• Long position stop-loss set at 3056.05

Bearish side:

• First sell point at 3425.0
• Second sell point at 3474.46
• Short position stop-loss at 3407.66

Key support and resistance levels:

• Support: 3058.0
• Resistance: 3425.0
• Recent high: 3390.71
• Recent low: 3071.41

Overall, ETH is currently in a tug-of-war between bulls and bears. The volume-price divergence hints at a possible reversal signal, but confirmation from trading volume is needed.